News Headline Summary

EADS (EAD) ownership structure agreement reached according to DPA

Says:
- EADS ownership structure agreement between Germany and France.

Reaction details (09:56)

- EADS shares unmoved at present; trades EUR 27.34 last (+2.88%).

Analysis details (10:00)

- The agreement includes setting up a foundation in the Netherlands, where France is expected to park a 3% stake in a non-voting structure in order to keep voting parity with Germany but keep the economic value of its full 15%.

05 Dec 2012 - 09:54 - Forex - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: