Spain seeks greater stake in EADS
MADRID (AFP) Apr 04, 2005
Spain and private Spanish investors should increased their stake in the European Aeronautic Defence and Space Company, the chairman of the Sepi public holding company, Enrique Martinez Robles, said Monday.
Spain currently has a 5.4 percent stake in the European conglomerate, which controls the Airbus aircraft manufacturer and has wide-ranging defence and aeronautics interests, via Sepi but Martinez Robles said an increase would be desirable given that private Spanish stakes in EADS were "very weak."
"An increase in participation in EADS should not consist merely of additions of public but also private capital and also concern the production process," he told an economic forum organised by the Europa Press news agency, which reported his comments.
He did not indicate the size of the desired stake increase.
In terms of overall Spanish participation in EADS industrial production, Martinez Robles suggested that the country should target a rise from five to 10 percent in Airbus, which is 80 percent owned by EADS and 20 percent by BAE Systems of Britain.
"We are working on reaching this target," he said.All rights reserved. © 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.