November 12, 2006	Sunday	Shawwal 19, 1427

DUBAI Nov 11: State-owned investment agency Dubai International Capital (DIC) confirmed on Saturday it might be interested in buying a stake in Airbus parent company EADS for a Gulf Arab fund it will manage.

DIC Chief Executive Sameer al-Ansari said he would meet EADS Chief Financial Officer Hans Peter Ring in Dubai and CFOs from as many as seven German firms on Saturday and Sunday as part of plans to set up the fund worth $10-$15 billion with stakes in the world’s biggest companies.

The German firms include industrial conglomerate Siemens, Deutsche Lufthansa and MAN.

“We've invited all these companies here so we can talk to them, get to know each other better and, if we still feel there is a good investment opportunity with any of these companies, then we will engage with them in further discussions and we will carry out due-diligence,” Ansari told reporters in Dubai.

Further talks would take months, he said.—Reuters