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EADS poised for new ownership structure: Report

Published on Nov 20, 2012 6:53 PM
 
This Sept. 25, 2007 file photo shows the EADS logo in Augsburg, Germany. European aerospace giant EADS, fresh from its failed merger bid with Britain's BAE Systems, will have a new ownership structure from 2013, a German newspaper reported on Tuesday.

BERLIN (AFP) - European aerospace giant EADS, fresh from its failed merger bid with Britain's BAE Systems, will have a new ownership structure from 2013, a German newspaper reported on Tuesday.

Citing government sources, business daily Handelsblatt said that Germany and France would in future own 12 per cent each of the company, with Spain holding 5.5 per cent.

Private investors would hold the remaining 70.5 per cent of the firm, which has interests in building satellites, rocket parts, helicopters and defence, as well its main business of building airliners.

A deal laying out the future shareholder structure was expected to be finalised at the end of the month, Handelsblatt reported.

 
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