Dubai ruler puts faith in EADS

EADS on Thursday won a much-needed vote of confidence after Dubai’s ruling family took a 3.12 per cent stake in the Franco-German aerospace group Airbus through Dubai International Capital, the investment arm of the family’s Dubai Holdings. The investment marks Dubai’s determination to become a key industry operator, and signals that powerful investors believe the internal turmoil that has rocked EADS can be resolved, even if core Franco-German shareholders have still to agree on streamlining its unwieldy dual management structure. Actually, says Lex, the “last thing EADS needs is another strategic shareholder”; the company’s problems run way beyond its structure, it warns.

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