September 17, 2012 / 10:59 AM / 6 years ago

German govt studying EADS-BAE merger plans: Merkel

BERLIN (Reuters) - German Chancellor Angela Merkel said on Monday her government was studying a planned merger between Franco-German aerospace and defense group EADS EAD.PA and Britain’s BAE Systems (BAES.L) and would give its answer “within the deadlines”.

German Chancellor Angela Merkel addresses media during a news conference at Bundespressekonferenz in Berlin, September 17, 2012. REUTERS/Tobias Schwarz

The two companies are lobbying relevant governments to allow the formation of the world’s biggest aerospace and defense company.

“We are discussing and evaluating the EADS-BAE merger plans and we are in discussions with others on this. We will give an answer within the deadlines,” Merkel told a news conference.

The Financial Times Deutschland newspaper, citing industry sources, said on Sunday EADS was ready to offer Germany a veto right and job guarantees in its bid to gain Berlin’s approval for the merger.

Reporting by Noah Barkin and Stephen Brown, writing by Gareth Jones

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