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ARTICLE · 19 APRIL 2013

New Reduced <30% EADS Shareholder Consortium In Effect

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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De Brauw Blackstone Westbroek has advised the German State on a new reduced shareholders pact with respect to EADS N.V

NetherlandsCorporate/Commercial Law

De Brauw Blackstone Westbroek has advised the German State on a new reduced shareholders pact with respect to EADS N.V. The new shareholders agreement was signed on 2 April 2013. The German State acquired, through KfW and GZBV, an additional 7.39% stake in EADS N.V., increasing its stake to 10.15%. SEPI (Sociedad Estatal De Participationes Industriales) mandated bankers to sell a 1.15% stake in EADS. Lagardère SCA sold its entire stake in EADS for EUR 2.28 billion.

The new German / French / Spanish consortium represents a joint stake of about 29% in EADS N.V. The former consortium had just over 50%. The EGM of EADS also approved a new governance structure for EADS N.V., including complex grandfathering provisions for (the members of) the new consortium.

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