SOGEADE
| Company type | Holding company |
|---|---|
| Industry | Aerospace, Defense |
| Defunct | 2013 |
| Fate | Dissolved |
| Products | Shareholding in EADS (Airbus) |
| Owner | Lagardère Group (at dissolution) |
SOGEADE (Société de gestion de l'aéronautique, de la défense et de l'espace) functioned as a French intermediate holding company until its dissolution in 2013.
History
Created to serve as an intermediary holding entity for French interests in the newly formed EADS (Airbus), SOGEADE was jointly owned by the French government through SOGEPA and the Lagardère Group via Désirade. By 2005, both SOGEADE and Daimler AG possessed 29.9% stakes in EADS.
In 2006, Daimler and Lagardère each agreed to offload 7.5% of their shares to public investors. The following year, Daimler divested a 7.5% Airbus stake to Dedalus, while Lagardère raised capital by issuing mandatory exchangeable bonds linked to its 7.5% holding through Natixis. By 2013, ownership of the French government's shares had transferred to SOGEPA, resulting in SOGEADE becoming a fully owned subsidiary of Lagardère. Shortly thereafter, Lagardère disposed of its remaining equity.
- 29.9% as of 31 December 2005
- 29.95% as of 31 March 2007
- 27.53% as of 30 September 2007
- 22.50% as of 31 March 2009
- 22.46% (183,337,704 shares) as of 31 December 2009
- 22.46% (183,337,704 shares) as of 31 December 2010
- 22.35% (183,337,704 shares) as of 31 December 2011
- 22.16% (183,337,704 shares) as of 31 December 2012
- Approximately 7.4% of Airbus (61,000,000 shares) in April 2013
- SOGEPA (0%) – Initially held 50%, increased to 60% by the end of 2008, then reached 66.6% in 2009; entirely owned by the French government
- Désirade (100%) – Started with a 50% stake at inception, reduced to 40% at the close of 2008 and further to 33.3% in 2009; fully controlled by the Lagardère Group