. Space Travel News .




.
MILPLEX
EADS chief calls on France, Germany to give up control
by Staff Writers
Dubai (AFP) Nov 13, 2011


EADS chief Louis Gallois called Sunday for a change in the shareholding structure of the European aerospace group by which France and Germany would give up their controlling shares.

The German government and Daimler had announced on Thursday reaching an agreement that allowed the car manufacturer to reduce its stake in EADS without compromising the delicate French-German balance in the group.

Gallois said that the deal which was presented by Berlin as temporary put an "end to uncertainty" after months of searching for private buyers for Daimler's share.

But "for the long term, the management of EADS has proposed a change in the capital that would help ensure a French-German equilibrium... without the need to have controlling stakes," he told journalists at the Dubai Airshow which opened Sunday.

The proposed change, which would be possible in the Netherlands, where EADS is registered, would turn states "into shareholders just like the others, free to withdraw or stay in the company," he added.

EADS' proposal was put forward some three or four months ago, Gallois said.

The German government and carmaker Daimler had announced Thursday an agreement to transfer a 7.5-percent stake in European aerospace and defence giant EADS to Germany's state-owned bank KfW.

The sale is slated to take place in 2012, after which Daimler would be reducing its stake in EADS capital from 15 percent to 7.5 percent, and its right to vote from 22.5 percent to 15 percent. It will continue to represent all German shareholders in the board.

On the French side, a 22.5 percent stake is held in two tiers by the state, through the holding group Sogepa, and another by the Lagardere group.

EADS, which makes Airbus passenger jets and European Ariane satellite launchers, was founded in 2000 from a merger of French, German and Spanish aerospace companies.

Given the high strategic importance and sensitivity of its fields of activity, France and Germany have jealously sought to maintain equal influence over EADS, with groups Daimler and Lagardere currently representing their respective interests.

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



MILPLEX
Russia will continue arms sales to ally Syria: official
Moscow (AFP) Nov 13, 2011
Russia will continue exporting arms to Syria since no international decision has been made outlawing it, said a top industry official quoted by the news agency Interfax Sunday. Speaking at the Dubai Air Show, deputy director of the Russian Federal Military and Technical Cooperation Service (FSVTS) Viacheslav Dzirkaln said: "Since there is no restriction on arms deliveries to Syria, Russia re ... read more


MILPLEX
Air Force Opens Door to Rocket Launch Competition

International Launch Services and Eutelsat Announce Launch of the W3D Satellite in 2013

ILS and Eutelsat Announce Launch of the W3D Satellite in 2013

The second Soyuz launcher's Fregat upper stage is readied for flight

MILPLEX
NASA readies launch of 'dream machine' to Mars

Contact with Russian Mars probe 'unlikely' - expert

Mars explorers will include women, experts say

Chance of Russia Mars probe rescue 'very small': report

MILPLEX
Ancient Lunar Dynamo May Explain Magnetized Moon Rocks

Ancient Lunar Dynamo May Explain Magnetized Moon Rocks

Lunar Probe to search for water on Moon

Subtly Shaded Map of Moon Reveals Titanium Treasure Troves

MILPLEX
Is the Pluto System Dangerous?

Starlight study shows Pluto's chilly twin

New Horizons App Now Available

Dwarf planet may not be bigger than Pluto

MILPLEX
Three New Planets and a Mystery Object Discovered Outside Our Solar System

Dwarf planet sized up accurately as it blocks light of faint star

Herschel Finds Oceans of Water in Disk of Nearby Star

UH Astronomer Finds Planet in the Process of Forming

MILPLEX
Simulating space in Gottingen

Israel test fires rocket-propulsion system: ministry

UK space surveillance system takes birthday snap of only satellite ever launched by a UK rocket

Virgin Galactic Selects First Commercial Astronaut Pilot From Competition

MILPLEX
Second Tiangong-1 And Shenzhou-8 docking to face light interference

Made-in-Chengdu to help Shenzhou spacecraft return

What does the Tiangong 1 space station mean for China

China masters space command, control

MILPLEX
Swift Observatory Catches Asteroid Flyby

NASA Releases Radar Movie of Asteroid 2005 YU55

NASA Releases Radar Movie of Asteroid 2005 YU55

Large asteroid makes rare fly-by of Earth


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement