PARIS Nov 12 The French and German governments
have started talks on whether to maintain their shareholder pact
at EADS once German auto maker Daimler sells
its entire stake in the aerospace and defence group, French
daily Les Echos reported.
The talks between France and Germany are expected to
conclude within a month, the newspaper said on Monday.
Daimler controls a 22.5 percent voting stake in EADS,
holding 15 percent directly and controlling the votes of a
further 7.5 percent belonging to a consortium of private and
public sector investors.
Under the sensitive pact underpinning the group created in
2000, this is counterbalanced on the French side by a 7.5
percent stake owned by media firm Lagardere and a 15
percent state shareholding.
Daimler wants to sell its 15 percent stake and has already
agreed to sell half by the end of the year to German state-owned
development bank KfW as a first step.
An EADS spokesman declined to comment. The French economy
ministry was not immediately available for comment.