InfoAnda - China's XAC is majority owner of Austria's FACC

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China's XAC is majority owner of Austria's FACC AP - Sunday, October 4 Send IM Story Print VIENNA – China's Xi'an Aircraft Industry (Group) Company Ltd. has become the majority owner of Austrian aviation supplier FACC AG, the Austrian company said Saturday. In a statement on its Web site, FACC said stockholders of the two companies signed an acquisition agreement that, once completed, will give XAC 91.25 percent of FACC shares. No price was disclosed. The transaction, which still needs regulatory approval, is expected to be concluded by the end of the fourth quarter. FACC AG, headquartered in the Austrian town of Ried, specializes in the development, design and production of components and systems for civil aircraft, including complete cabins. Its customers include Airbus, Boeing and Bombardier Aerospace. _____ On the Net: FACC AG: http://www.facc.at/en/start/index.asp Recommend Send IM Story Print Related Articles BRICs stand by demand for bigger share of IMF votes Reuters - Sunday, October 4 India's Grasim to hive off cement business Reuters - Sunday, October 4 G-7 finance ministers face dollar concerns AP - Sunday, October 4 G7 considering its future, may form smaller group Reuters - Sunday, October 4 China's XAC is majority owner of Austria's FACC AP - Sunday, October 4 News Search Top Stories Finance chiefs warn on recovery as G7 meets Tongan banker rescues people, cash from tsunami No US climate bill before December talks: Obama aide Rio to host 2016 Olympics as Chicago, Obama shattered IMF unveils newfound strength forged in crisis More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Four-winged dino may be missing link in bird debate Rio to host 2016 Olympics as Chicago, Obama shattered Scientists find path to fountain of youth US recovery effort stumbles as 263,000 jobs lost World Bank warns of wobble ahead for global economy More Most Viewed » Ozone hole smaller in 2009 than 2008: WMO Nanoparticles could pose threat to humans: scientists Implanted tooth helps blind US woman recover sight More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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