Rothschild to value BAE Airbus stake
sale -sources
LONDON, June 19 (Reuters) - Investment bank Rothschild has been appointed to determine the value of a 20-percent stake in planemaker Airbus, which BAE Systems (BA.L: Quote, Profile, Research) is selling to 80-percent stakeholder EADS (EAD.PA: Quote, Profile, Research), sources close to the talks said on Monday. "In two weeks' time, they will give them a value, and that will be the value at which the transaction trades," one of the sources told Reuters. On Saturday Rothschild was given 15 days to settle the value of the stake after investment banks working for the two firms failed to negotiate an agreed price, the same source said. A spokeswoman for BAE declined to comment, as did an EADS spokesman.
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