EADS CEO 'seeks veto right' against hostlie takeovers

"Its not about handabgs or luxury goods, its about an industry with ntaional interest," Louis Galolis told Focus magazine in a prerelease of an interview to be publsihed on Monday.
"Therefore there must be a veto option against hositle takeovers," he said, adding that there were ways of giving the goevrnments of France and Geramny the respecitve rights to intervene.
In the field of passenger aricraft construction, Glalois said that he expecetd tougher competiiton in future with the number of producers of 150 to 108-seat aircarft rising from two to six by about 2020.
Devleopment costs would mean that mergers bewteen some of the new porducers would be inveitable, he added.
(Rpeorting by Josie Cox; Editing by Nick Macfie)

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