EADS Cleans Up Its State Shareholder Act | Aviation International News

EADS Cleans Up Its State Shareholder Act

France and Germany will reduce their stakes in EADS to 12 percent each under a new agreement that should give the company more independence.

By Chris Pocock • Defense Correspondent

December 7, 2012

The French and German governments have agreed to reduce their shareholdings in EADS to 12 percent each, and drop their veto rights over key decisions. Spain will hold 4 percent. EADS said the pact will normalize and simplify its governance, while still allowing the three countries “to protect their legitimate strategic interests.”

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