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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Airbus Group    AIR   NL0000235190

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Germany Doesn't Want Stake In EADS-BAE Entity -Report

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10/02/2012 | 01:26pm CET

PARIS--The German government doesn't want a stake in the capital of the new entity that would be formed after the potential merger of European Aeronautics Defence and Space NV Co (>> EADS) and U.K.'s BAE Systems PLC (>> BAE Systems plc), French daily Le Figaro reports Tuesday.

The newspaper, citing sources close to EADS, says the German government would rather have German board members as well as guarantees regarding jobs, research and development and some industrial sites.

The report didn't specify whether the German government stance referred to a direct or indirect stake.

Germany's stake in EADS is held via its proxies, Daimler, with 9%, and a bank consortium, with 4.5%.

Newspaper Web site: http://www.lefigaro.fr

-Write to Geraldine Amiel at geraldine.amiel@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : EADS, BAE Systems plc
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Financials (€)
Sales 2016 64 836 M
EBIT 2016 3 702 M
Net income 2016 2 463 M
Finance 2016 5 153 M
Yield 2016 2,29%
P/E ratio 2016 18,76
P/E ratio 2017 16,21
EV / Sales 2016 0,62x
EV / Sales 2017 0,60x
Capitalization 45 274 M
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Number of Analysts 28
Average target price 64,5 €
Spread / Average Target 10%
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NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Chairman
Thomas Williams Chief Operating Officer
Harald Wilhelm Chief Financial Officer
Paul Eremenko Chief Technology Officer
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