STUTTGART (Thomson Financial) – The German participation in the structure European aerospace group EADS remains stable. Daimler AG and the Consortium of private and public investors would be agreed that, on 9 February 2007 agreement reached continue, said the Stuttgart DAX Group on Friday. Daimler consider therefore still 22.5% of the voting rights in EADS, while economic share of 15% will stay. The existing balance of voting rights between German and French shareholders therefore remain unaffected.
Daimler had been referred to the agreements concluded in February 2007 The option agreement, the ownership structure as of 1 July this year dissolve. Of these, the Group would, however, do not use. The previous Shareholding structure and arrangements to stay according to the information unchanged.
Daimler had 2007, its total share of 22.5% at the European Aeronautic Defense and Space Co NV bundled in a society in which the consortium of investors on a more ad hoc established company with third involved. The result corresponds this is a share for the consortium of investors in EADS in the amount of 7.5%.
The investor consortium comprises 15 investors, including seven and eight from the private investors from the public sector. The private investors hold 60% of the Total volume, the public investors 40%.
The private-sector investors are Allianz, Commerzbank, Credit Suisse, German Bank and Goldman Sachs, each worth 10% of the Hold shares in the SPV as well as Morgan Stanley and Sal Oppenheim with an investment of 5% each.
On the official side had the KfW banking group with 13% participated in the special purpose company, HGV Hamburger Gesellschaft Wealth and equity management (state of Hamburg) with 10%, Hannoversche Beteiligungsgesellschaft (state of Lower Saxony) with 5%, the Bavarian State Farm Credit Institute, Institute of Bayerische Landesbank and the LfA Förderbank Bavaria with 3.5% and 1.5%, the Landesbank Baden-Wuerttemberg and the Landeskreditbank Baden-Wuerttemberg – development bank (L-Bank) with 2.5% each, and the Bremer Investment company (the state of Bremen) with 2%.
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(END) Dow Jones Newswires
March 19, 2010 04:59 ET (08:59 GMT)
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