Founded 1995 | Parent organization SOGEPA | |
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.
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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%.
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.