PARIS (Reuters) - The head of European aerospace group EADS (PAR:EAD) said on Thursday its 46 percent stake in Dassault Aviation (PAR:AM) is not strategic but that there is no urgency to decide its future.
EADS has come under pressure from a fund investor to dispose of the stake, which it inherited from a merger of French aerospace assets in the 1990s.
"Every percent counts because it is a very good investment but we inherited it from Aerospatiale-Matra and it is not a strategic investment," EADS Chief Executive Tom Enders said.
"We will decide on its future when we think it is time to do that; I don't see any urgency to proceed."
(Reporting by Tim Hepher; Editing by James Regan)
- Mergers, Acquisitions & Takeovers
- Investment & Company Information
- Dassault Aviation