* EADS proceeeds for shareholders, debt, acquisitions - CEO
* A350, A400M on track, providing window for EADS stake sale
(Adds detail of Canal+ stake IPO plan)
By Cyril Altmeyer and Gwénaëlle Barzic
PARIS, Nov 13 French conglomerate Lagardere
will sell its 7.5 percent stake in European aerospace
group EADS by the end of 2013 and plans to list its 20
percent holding in pay-TV channel Canal+ by June.
Chief executive Arnaud Lagardere, also chairman of Airbus
parent EADS, also said on Tuesday he would use the proceeds to
reward shareholders, cut debt and make minor acquisitions.
"It is clear now with the French government and everybody
inside EADS that we will leave probably, more than probably next
year," he told a conference call.
Finance head Dominique D'Hinnin said a stock market listing
of Lagardere's stake in Canal+, 80 percent-owned by French group
Vivendi, would depend on market conditions.
Lagardere wanted to list the stake last year but abandoned
the operation just as marketing was set to begin because of
market volatility following the Fukushima nuclear disaster in
Lagardere has said for several years it wanted to sell
non-media assets, including the Canal+ and EADS stakes,
divestments seen as key to the investment case for a company
whose market value has plunged 60 percent in the past five
In August, D'Hinnin said the Canal+ listing was the group's
top priority. Lagardere values its stake at 1.2 billion euros
The company's comment on EADS was the latest uncertainty
around a Franco-German sovereign shareholder pact underpinning
German carmaker Daimler has said it wants to exit
EADS and has agreed to sell half its 15 percent direct stake
this year to German state-owned development bank KfW.
Daimler holds voting rights of 22.5 percent in EADS, while
Lagardere's holding is complemented by a 15 percent stake held
by the French state.
EADS last month called off talks with British rival BAE
Systems about a merger worth $45 billion. Lagardere had
expressed doubts about the terms of the planned deal.
The merger hinged on France and Germany accepting a more
limited role in the combined group than they wielded at
"The beauty of the negotiation with BAE is that everything
was on the table - Daimler selling to the German government or
not," Arnaud Lagardere said.
Key programmes at EADS - including the A350 widebody
jetliner that will compete with Boeing's 787 Dreamliner
and the A400M military transporter - were going to plan, he
said. "We have a window here where most of our projects - if not
all of the projects - seem to be on track," he said.
($1 = 0.7867 euro)
(Additional reporting by Dominique Vidalon; Editing by Dan
Lalor and Christian Plumb)