--Airbus has hired Goldman Sachs to assist with forming a new European space-and-satellite company with France's Thales and Italy's Leonardo, to better compete against Elon Musk's SpaceX, Bloomberg reported, citing unnamed sources.
--Talks to create the business with aerospace company Thales and defense and aerospace group Leonardo are at an exploratory stage, according to the sources, who added that Leonardo has enlisted Bank of America while Thales is also speaking with advisers, the report said.
--The companies are assessing issues like complexity, regulatory obstacles and possible antitrust implications, Bloomberg reported, citing the sources.
--Representatives for Airbus, Leonardo, Goldman and BofA declined to comment. Thales reiterated that early discussions have taken place, without commenting on advisers, Bloomberg reported.
Full story: https://shorturl.at/2ZyWb
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
February 04, 2025 03:36 ET (08:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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