Announced
Financials
Tags
Joint Venture
fuel cells
Majority
Pending
Aerospace
Cross Border
Friendly
Germany
Private
Single Bidder
Acquisition
Synopsis
Airbus and ElringKlinger, a spare parts manufacturer, agreed to form a joint venture to develop fuel cell technology. ElringKlinger will hold a non-controlling interest in the joint company, while the majority stake will be held by Airbus. The closing of the transaction and the creation of the joint company is subject to customary regulatory clearances in various jurisdictions.
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