Today: Megafusion of satellite manufacturers | Real estate: Concern about wave of insolvencies
Airbus, Thales and Leonardo are planning to merge their space divisions. However, there is criticism. Also: In August, two large real estate companies went bankrupt. Is this just the beginning?
Airbus, Thales, and Leonardo plan to merge their space divisions to create a European satellite champion called BROMO, with 25,000 employees and €6.5 billion in revenue. The companies intend to present their plans to the EU soon. German competitors have expressed concerns about the potential market giant. The merger aims to make Europe more sovereign in space travel. The plans have sparked debate about their potential impact.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
