Today: Megafusion of satellite manufacturers - Fear of a real estate bankruptcy wave
Airbus, Thales and Leonardo want to merge their space divisions. However, there is criticism of the plans. Also: In August, two large real estate companies slid into insolvency. Is that 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. The move has raised concerns among German competitors, who warn of a market giant. The merger aims to make Europe more sovereign in space travel.
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.
