Sarkozy says Merkel agreed to EADS shrholder working group, July visit to Airbus |
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Published
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Fri, 18 May 2007 12:10
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PARIS (Thomson Financial) - French president Nicolas Sarkozy said that he has agreed with German chancellor Angela Merkel to visit together the headquarters of Airbus in July, as well as to hold a working group involving the main shareholders of parent company EADS.Speaking to employees at the Airbus headquarters in Toulouse, Sarkozy said that he would return in 'early July' with the German chancellor to visit the site.The French president said Merkel had also approved the idea of 'a four-way working group' on EADS involving the French and German governments, as well as private shareholders Lagardere and DaimlerChrysler.EADS' key issue is not 'a governance problem but a shareholding problem', he stated.During the recent presidential campaign, Sarkozy proposed that new private-sector shareholders -- both financial and industrial investors -- be brought into EADS' capital.The French president also said that 'the French state will do its duty if there is a capital increase' in EADS.Regarding the Power8 restructuring programme at Airbus, Sarkozy pledged to maintain production at the Meaulte plant in northern France, which is one of the sites that could be closed or sold under the Power8 plan.tfn.paris@thomson.comafp/gt/cmlCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Elysee confirms Sarkozy to meet Airbus staff, unions Friday midday 