Report: France, Germany Talking New EADS Structure

Officials from France and Germany met with EADS and Daimler representatives in Paris over the weekend to discuss a new shareholder structure for EADS, according to Reuters.

Citing German newspaper Allgemeine Zeitung, Reuters reports the discussions focused on setting a limit on state shareholdings in the aerospace and defense giant with Germany seeking equal ownership between it and France.

Talks reportedly centered around France and Germany holding a 12 percent stake each, Spain holding a 4 percent stake and 2 percent left for states to acquire later.

State involvement in corporate management was also a topic of conversation, as the Frankfurt-based newspaper reports one idea had two executive board seats each set aside for France and Germany and one reserved for Spain.

Shareholders could vote on the new structure in spring 2013, the report said.

EADS’ proposed $45 billion merger with BAE Systems was called off in October after the British, French and German governments could not agree on how much each government would own in a combined firm.

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