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EADS
has sold its 2.12% stake in Embraer. Before taxes and bank fees EADS generated a total proceed of €124
million. Following changes in the shareholder structure of Embraer the participation had become a pure financial investment
and was earmarked for sale as EADS is now focussing its attention on core matters and projects that
it believes will provide
future growth opportunities.
“We remain fully committed to our partnership with Embraer, which has matured over many years,” said EADS CEOs
Tom Enders and Louis Gallois. “Brazil and Latin America are important markets and we will continue to strengthen our
industrial presence in the region.”
While EADS invested last year in the Brazilian space company Equatorial, Eurocopter pursues efforts to develop new
industrial and MRO service activities within its local subsidiary Helibras. Additionally, the newly created company
Secure Network Brazil has started its digital telecom solution activities in 2006. The financial divestment from Embraer
will not prevent EADS from further exploring areas of industrial cooperation with Embraer in the future.
EADS is a global leader in aerospace, defence and related services. The Group includes the aircraft manufacturer
Airbus, one of the world's largest helicopter suppliers Eurocopter and EADS
Astrium, an European leader in space
programmes from Ariane to Galileo. EADS is the major partner in the Eurofighter consortium, develops the A400M
military transport aircraft, and holds a stake in the joint venture MBDA, the international leader in missile systems.
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