Friday, 28 August 2015
Last updated 4 hours ago
Nov 4 2013 | 11:11am ET
The Children's Investment Fund has found itself in an unusual position with regard to the European Aeronautic, Defense and Space Co.: full-throated support for its management.
TCI took a 1% stake in the Airbus parent this summer, pushing it to rid itself of its 46% stake in Dassault Aviation. EADS is thought to want to do so, but is currently blocked from divesting itself of Dassault under a warehousing agreement with the French government.
Despite that potential setback, TCI chief Christopher Hohn last week offered lavish praise for EADS CEO Thomas Enders and his "aggressive" cost-cutting plans.
"We believe the company is in the process of doubling and tripling its profitability," Hohn told the Ira Sohn Conference in London.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…