BBA Aviation merger talks with Dubai Aerospace scrapped

9th Sep 2013 08:25

BBA Aviation said talks had ended with Dubai Aerospace Enterprise (DAE) about combining BBA with parts of DAE's business.The UK company's announcement followed a statement on September 8th by DAE that said discussions were off. BBA said in August that the companies were in preliminary talks and that a deal was not certain.The potential tie-up involved BBA combining with DAE's US Standard Aero business in a deal worth about £2.7bn. Price and BBA's return on capital requirements are said to have been barriers to an agreement.In a statement, BBA said: "BBA Aviation plc announces that discussions with Dubai AerospaceEnterprise regarding a potential business combination with certain parts of DAE's business have now terminated."