Britain's BAE Systems is set to agree this week to sell its stake in plane maker Airbus to Franco-German-Spanish aerospace group EADS for 1.9 billion pounds ($3.6 billion), the Observer reported on Sunday.
The newspaper, citing City sources, said BAE would hold a board meeting "in the next few days" to take a final decision. BAE had said in April it planned to sell its 20 percent stake in Airbus to its 80-percent owner, EADS.
But it put back the sale in July and ordered an audit after investment bank Rothschild, brought in to arbitrate after BAE and EADS failed to agree on a price, valued the stake at just 2.75 billion euros ($3.52 billion), well below forecasts. The paper said BAE decided on a quick sale after question marks emerged over the A380 superjumbo programme.
It added at least two BAE directors were thought to have opposed a sale at the Rothschild valuation, but were now ready to agree, as Airbus faces increased pressure from US competitor Boeing.
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