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Author Topic: EADS to see reshuffle of state-owned shares  (Read 1405 times)
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« on: 21 November 2012, 23:00:04 »

EADS to see reshuffle of state-owned shares
Date 20.11.2012

Germany and France are reported to have struck a deal on a reshuffle of state-owned shares in European aerospace and defense group EADS. Berlin and Paris are likely to hold 12 percent of shares each.

The German state aims to take over 12 percent of the shares of European aerospace and defense giant EADS, the business daily newspaper Handelsblatt reported in its Tuesday edition. This would give Berlin a greater influence on decision making in the parent company of jet producer Airbus.

The newspaper maintained that Germany and France had agreed on a new scheme under which the two nations would in future hold a 12-percent state-owned stake in the company each.

The Handelsblatt said Germany's KfW bank would take over a 7.5-percent share package from carmaker Daimler, with much of the remainder to come from an investor group called Dedalus.


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