The European Aeronautic Defense and Space Company (EADS), which owns the plane maker Airbus, unveiled Wednesday a deal to restructure shareholdings that is meant to reduce the role of France and Germany but preserve their strategic interests.
The agreement will leave France and Germany each with 12-percent holdings and Spain with about 4.0 percent, a statement said, as the German automaker Daimler and French conglomerate Lagardere curtailed their own key stakes.
The deal is designed to allow EADS to function as an aerospace giant independent of intrusive government influence, and could pave the way for future growth.
"This agreement aims at normalising and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests," an EADS statement said.
Chief executive Tom Enders told a telephone news conference that the deal represents "the most important change since the creation of EADS 12 years ago."
Read more: EADS designs new share structure to 'simplify' group < French news | Expatica France
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