SOGEADE

SOGEADE (Société de gestion de l'aéronautique, de la défense et de l'espace) was a French intermediate holding company. It was dissolved in 2013.

History

SOGEADE was created solely to hold French interests in newly founded EADS (Airbus Group), as an intermediate holding company, which were owned by the state of France (through SOGEPA) and Lagardère Group (Désirade). In 2005, SOGEADE had the same shares holding ratio with Daimler AG for 29.9%.^[1]

In 2006 Daimler and Lagardère agreed to sell 7.5% shares each to the open public. In 2007 Daimler agreed to sell 7.5% shares of Airbus Group to Dedalus while Lagardère issued mandatory exchangeable bonds for the 7.5% shares of Airbus Group to Natixis. In 2013 the French State's portion of ownership was transferred to SOGEPA, while SOGEADE became the wholly owned subsidiary of Lagardère. Soon later Lagardère sold all the shares.^[2]

Evolution of shares in EADS

• 29.9% of EADS at 31 December 2005^[1]
• 29.95% of EADS at 31 March 2007^[3]
• 27.53% of EADS at 31 September 2007^[4]
• 22.50% of EADS at 31 March 2009^[5]
• 22.46% of EADS at 31 December 2009 (183,337,704)^[6]
• 22.46% of EADS at 31 December 2010 (183,337,704)^[7]
• 22.35% of EADS at 31 December 2011 (183,337,704)^[8]
• 22.16% of EADS at 31 December 2012 (183,337,704)^[9]
• 7.4% of Airbus Group in April 2013 (61,000,000)^[10]

Shareholders

• SOGEPA (0%) (50% at creation, 60% end of 2008, 66.6% in 2009) - Wholly owned by French government
• Désirade (100%) (50% at creation, 40% end of 2008, 33.3% in 2009) - Wholly owned by Lagardère Group.

References

1. "Annual Review 2005" (PDF). EADS. Retrieved 21 February 2016.
2. "2013 reference Document" (PDF). Lagardère Group. 9 April 2014. Retrieved 21 February 2016.
3. 2006 Annual review
4. 2007 Annual review
5. 2008 Annual Review
6. 2009 Registration Document
7. 2010 Registration Document
8. 2011 Registration Document
9. 2012 Registration Document
10. "2014 Registration Document" (PDF). Airbus Group. 21 April 2015. Retrieved 21 February 2016.