New Ownership of EADS
Germany will soon be seen as a state shareholder with France and Spain in the new ownership structure of the European aerospace and defense company EADS.
The announcement of the new ownership came from the company on Wednesday, in which, it confirmed Germany's joining to the panel of state shareholders even though the government's influence has shrink at the company.
According to the announcements made by the parent company of plane maker Airbus i. e. the archrival of U. S.-based Boeing Co., the deal has given the French and German government each 12 percent shares, whereas Spain is holding a 4 percent share.
Sources are confirming that a squabbling between its German and French owners has forced the Europe's largest aerospace company, EADS, to look out for new direction. Moreover, the British government has also scuttled the proposed $45 billion tie-up with BAE Systems of Britain in October.
In context to which, EADS confirms planning a share buyback next year of up to 15 percent enabling the companies to substantially reduce their stakes. In a statement, EADS CEO Mr. Thomas Enders has called the shareholding shake-up as "the most important change since the creation of the company more than 12 years ago".
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