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News Breaks
December 5, 2012
12:11 EDTEADSYEADS says company, core holders agree on overhaul of governance, ownership
The EADS Board of Directors and the company’s core shareholders have agreed on a far-reaching change of the company’s shareholding structure and governance. This agreement aims at normalizing and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests. Subject to the vote of the Extraordinary General Meeting of the shareholders of EADS, the present shareholder pact, called “Participation Agreement”, in place since the company’s foundation in 2000, will be terminated and replaced by a new, limited arrangement between the French, German and Spanish Governments. France, Germany and Spain have agreed on a capped government shareholding, with Germany and France intending to ultimately hold up to 12% each and Spain circa 4%. The three states will have reciprocal pre-emption rights. The amended Articles of Association of EADS will contain an ownership and voting restriction from crossing the 15% threshold by shareholder individually or collectively. Certain specific French and German national security interests will be protected through the creation of “national defense companies” holding sensitive military assets, and including the rights of France and Germany to consent to three outside directors to the board of their respective “national defence companies”. Under the new governance scheme, no veto right will be given to any group of Directors in the Board or to any shareholder at the Shareholders’ Meeting.
News For EADSY From The Last 14 Days
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May 28, 2015
06:30 EDTEADSYAirbus hints at further production increases for A320 series, Reuters reports
Airbus sales chief John Leahy spoke at a media briefing yesterday and hinted at further production increases for the A320 series, Reuters reports. Leahy said market demand could justify an increase to over 60 aircraft per month, and the company is currently studying further increases to its production. A decision on A320 production is expected before the end of the year. Reference Link
May 26, 2015
07:10 EDTEADSYLockheed Martin, Boeing may bid for GBP2B MoD contract, Independent says
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May 21, 2015
06:52 EDTEADSYAirbus would consider leaving UK if Britain exits EU, Guardian says
Airbus head of UK division, Paul Kahn, stated that the company would reconsider its investment in Britain if the country exits the EU, reports the Guardian, citing Paul Kahn. Reference Link
May 20, 2015
06:06 EDTEADSYUnited Technologies in talks to sell Sikorsky unit, WSJ reports
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May 15, 2015
12:54 EDTEADSYAirbus to partner with Indian company in $2B deal, Defense News says
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08:24 EDTEADSYStandex awarded contract from Airbus for A320neo aircraft
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