EADS has reshuffled its shareholdings in the biggest shake-up of control since it was founded over a decade ago.
The total of direct state shareholdings is increased with 12 percent each for France and Germany but with the bulk of its shares being put beyond government influence. Spain will also have a stake of around four percent.
The move is designed to simplify the structure of Europe’s largest aerospace company and comes weeks after the break down of merger talks with British weapons maker BAE Systems.
Until now parity in EADS – originally formed from a merger of French, German and Spanish interests – had been ensured through a complex pact between the French state, French media firm Lagardere and German car firm Daimler.
France will give up veto powers over the company’s industrial policy and none of the governments will have special veto powers but sensitive defence interests will be ring-fenced.
Copyright © 2014 euronewsMore about:
- 1Hoverbike on the horizon | euronews, hi-tech
- 2Japanese company brings the beach lifestyle to business | euronews, world news
- 3Earth Overshoot Day arrives earlier as we consume too much | euronews, economy
- 4Canada sends hilarious barb to Russia over Ukraine ‘incursions’ | euronews, world news
- 5#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 6NATO: ‘Ready to deploy forces’ in response to all security challenges | euronews, world news
- 7Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 8US warns Russia that Ukraine aid delivery would be ‘viewed as an invasion’ | euronews, world news
- 9Renewing your driving licence within the EU | euronews, u talk
- 10Russian aid convoy is ‘direct invasion’ says Ukraine | euronews, world news
- 11Rosetta the comet hunter arrives at its target | euronews, space
- 12Elephants smell better | euronews, science
- 13At least 6 confirmed dead in Paris apartment blast | euronews, world news
- 14Wikimedia says taking a selfie is monkey business | euronews, world news
- 15Hundreds of Ukranian troops retreat across border to Russia | euronews, world news
- 16No candidates are likely to thwart Erdogan, says polling analyst | euronews, news
- 17Islamists seize border post between Syria and Israeli-occupied Golan Heights | euronews, world news
- 18Voting in Turkey’s Presidential election underway | euronews, world news
- 19Sephardic Jews eye return to Spain | euronews, reporter
- 20WW1 centenary day ends with ‘Lights Out’ across UK | euronews, world news
Wires > Business
- 15:15 CET Russia starts work on Gazprom gas pipeline to China
- 15:03 CET Booming budget surplus raises pressure on Germany
- 14:52 CET Hectic pace of Spanish bank deals to slow after Barclays sale
- 14:48 CET Luxottica CEO could be leaving as early as Monday – board member
- 14:39 CET Telefonica to exit Telecom Italia after Brazil deal
- 14:34 CET UK manufacturing growth ebbs, denting hopes for balanced recovery
- 14:27 CET Emirates says prepared to order more A380s if revamped
- 14:08 CET Denmark’s Novo Nordisk launches Ryzodeg in Mexico