A minister denied today that "discord" between the UK, France and Germany was behind the collapse of a £28 billion merger of defence company BAE Systems and rival EADS.
Business minister Lord Marland insisted the Government had "very positive" relationships with France and Germany and that had not influenced the outcome.
– Lord Marland
The two companies will remain as independent companies each with a significant presence in the UK. The Government was clear that the merger would only ever work if it met the interests of all the parties involved.