Raffarin pledges Alstom'won't be dismantled'

7th May 2004, Comments 0 comments

TOULOUSE, France, May 7 (AFP) - French Prime Minister Jean-Pierre Raffarin said here on Friday that the ailing French engineering group Alstom would "neither disappear nor be dismantled".

TOULOUSE, France, May 7 (AFP) - French Prime Minister Jean-Pierre Raffarin said here on Friday that the ailing French engineering group Alstom would "neither disappear nor be dismantled".

He urged the financial community, which has been rife recently with rumours that the government might try to ally Alstom with other companies or split off some of its activities, to show "responsibility".

Raffarin also said that the government would not sell its interest in the European Aeronautic, Defence and Space Company (EADS), "neither in the short nor long term".

Raffarin said that a recent announcement that the state would sell 35 percent of the aero-engine manufacturer SNECMA was "a first essential step before privatisation of the enterprise" and the organisation of an alliance around the company.

The prime minister was speaking at facilities on the outskirts of Toulouse used by the aircraft manufacturer Airbus on the day the company was opening its production chain to build the A380 superjumbo airliner.


© AFP

Subject: French news

 

0 Comments To This Article