Major EADS ownership restructuring agreement reached

Airbus parent EADS unveiled an agreement to make “a far-reaching change” in the way the company’s shareholding is structured. An EADS shareholder structure shakeup had been widely predicted in recent weeks. Under terms of the accord announced Wednesday, France and Germany will “build equal ownership positions” in EADS, the company said, adding that the two countries will have direct stakes of about 12% each while Spain will hold a 4% share. Meanwhile, German ...