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:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Sweden becomes first European nation to recognise Palestine | euronews, world news
- 7Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 8Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
- 9How nasheeds became the soundtrack of jihad | euronews, world news
- 10International tv news | euronews: European and International tv news bulletin
- 11Iceland volcano ‘pollutes Paris’ | euronews, world news
- 12Ebola: Six new suspected cases in Spain | euronews, world news
- 13European Union News | euronews: latest breaking news and headlines about European Union
- 14Learning through “serious games” | euronews, learning world
- 15euronews speaks to Ban Ki-moon ahead of key UN and climate change talks | euronews, the global conversation
- 16Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 17US delivers technical aid to Ukraine but warns over security | euronews, world news
- 18euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 19Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
- 20Battles rage for Donetsk airport despite Ukraine ceasefire | euronews, world news
Wires > Business
- 01:42 CET Talent shortage drives pay up in UK financial services, tech…
- 01:24 CET Lloyds was not pushed to sell branches to Co-operative Bank -…
- 01:23 CET Plant revamps push UK car production down 3 percent in September
- 01:19 CET UK consumer confidence tumbles in October on job insecurity -…
- 01:17 CET Plant revamps push UK car production down 3 percent in September
- 01:16 CET Consumer confidence tumbles in October on job insecurity – survey
- 01:14 CET Talent shortage drives pay up in UK financial services, tech…
- 01:10 CET Lloyds was not pushed to sell branches to Co-operative Bank-…