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AMSTERDAM, March 27 (Reuters) Airbus parent EADS won backing for sweeping changes in its structure, claiming from political interference as shareholders tore up a Franco German ownership pact in favour of greater management freedom.
canada goose clearance sale Investors in Europe largest aerospace group Canada Goose Online also on Wednesday approved a maximum buyback of 15 percent of cheap Canada Goose the group shares, worth 5.1 billion euros ($6.6 billion) at current prices, but Chief Executive Tom Enders said market conditions would set the actual amount. canada goose clearance sale
buy canada goose jacket Created from a merger Canada Goose Outlet of French, German and Spanish assets with a tight rein on cheap canada goose uk strategy, Europe answer to Boeing has often been swept canada goose clearance up in Franco German industrial tensions, most notably when A380 superjumbo delays led to job cuts. buy canada goose jacket
canada goose store Although canada goose uk black friday the simplified structure and a new board have been welcomed following a decade in which EADS served as lightning canada goose black friday sale rod for squabbles over industrial policy, shares in the group fell more than 3 percent as Spain moved to sell part of its stake sooner than expected. canada goose store
Canada Goose Parka luck to you, Tom, uk canada goose you are in the driver seat not an easy task, but so far so good, outgoing chairman Arnaud canada goose coats Lagardere told Enders from the platform after shareholders backed the biggest shake up since EADS was founded in 2000. Canada Goose Parka
Canada Goose online Enders said the new rules would limit government involvement to the roles of regulator or customer, giving EADS management the independence of a company despite the fact that core government stakes are rising to uk canada goose outlet 28 percent from 20 percent. Canada Goose online
Changes canada goose factory sale include a majority independent board to be led by former Thales CEO Denis Ranque.
buy canada goose jacket cheap Lagardere paid tribute to his father, the late French industrialist Jean Luc Lagardere, as well as the leaders of German carmaker Daimler who jointly formed Europe largest aerospace company and secured Franco German support. buy canada goose jacket cheap
He canada goose uk shop also praised Enders, promoted to CEO nine months ago, who he said would get keys of this huge company
Canada Goose sale Having waited until after Daimler to start selling shares, Lagardere company stands to gain from the sale of stock worth 2.5 billion euros at current prices, with shares standing at more than twice the original flotation price of 18 euros. Canada Goose sale
CORE BUSINESSES Both the Lagardere media group and Daimler are withdrawing from EADS to focus on core businesses, with the German government picking up part of canada goose Daimler stake to preserve Franco German balance in EADS.
Canada Goose Outlet Daimler aims canada goose uk outlet to sell its remaining 7.5 percent stake in the second half of this year, a source familiar with the matter said. Canada Goose Outlet
canada goose In an oblique reference to strains on European integration brought about the financial crisis, Enders said EADS would not have been created as things Canada Goose online stand today. But the aerospace group boss also told shareholders it was time to move on. canada goose
cheap Canada Goose Enders pledged to prevent the buyback penalizing future growth, canada goose store capital investment or canada goose coats on sale a dividend policy which he said would be significantly more attractive than in the past. cheap Canada Goose
EADS left open its canadian goose jacket options on how to implement the buyback, whose cost https://www.uscanadagooseoutletsale.com has risen sharply since it was announced in December, igniting a 39 percent rally in the shares Canada Goose Coats On Sale since year end.
Enders said he would not launch a buyback worth more than a third of Canada Goose sale its net cash, suggesting an operation worth some 1 billion euros less than the full allowance. EADS had net uscanadagooseoutletsale cash of 12.29 billion euros at the end of 2012.
canada goose deals France and Germany will buy canada goose jacket hold core stakes of 12 percent each in EADS and Spain 4 percent, with a lock up expiring on July 31. canada goose deals
canada goose coats While supporters of Boeing, which is locked in a trade dispute with Airbus over subsidies, have said the stakes show EADS remains in the thrall of European governments, Enders said France, in particular, had relinquished real powers. canada goose coats
canada goose black friday sale Acting through Lagardere, Paris could previously veto buys of over 500 million euros, a relatively small sum in aerospace. canada goose black friday sale
Governments will have buy canada goose jacket cheap influence, just as they do over companies with defence operations worldwide, but have given up the tools to make their voices heard in the boardroom directly, Enders Canada Goose Parka told reporters after the meeting.
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canada goose coats on sale A special non voting foundation has been set up to hold any surplus government shares to avoid crossing the 30 percent threshold for a mandatory bid under Dutch law. canada goose coats on sale
canadian goose jacket Spain is taking advantage of the changes to sell most of its surplus, or 1.15 percent of EADS, more quickly than expected canadian goose jacket.