European Commission cleared the creation of the European Aeronautic, Space and Defence Company (EADS) yesterday in Brussels. As expected, the European Union's competition watchdog obliged the companies involved to sell off some of their satellite equipment business. The EC also said "the operation will not affect the conditions of competition, since BAE Systems, which owns the remaining 20% in Airbus, maintains its veto rights on all strategic decisions," and "since the proposed transaction ...
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