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Lagardere Asks EADS to Rethink BAE Merger Plan

Key French EADS shareholder Lagardere said on Monday the conditions attached to a planned merger of the European aerospace group with Britain's BAE Systems were unsatisfactory and called on management to reexamine the project.

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"Despite the industrial and strategic potential attributed to it, this plan has not yet demonstrated that it was creating value for EADS ," Lagardere said in a statement.

"Lagardere considers that the merger conditions between EADS and BAE are currently unsatisfactory." Lagardere called on EADS management to better take into account the interests of the group's French shareholders.