Europe to lose 10% control of jet fighters
EADS had previously said it would convert its Irkut stake into shares in UAC, when the Russian state-controlled aerospace holding was set up last year.
UAC has offered to purchase Irkut stock in an attempt to net 49.9% of the company's charter capital in March 2008. Irkut shareholders will be able to swap their shares for UAC shares from a supplementary issue.
UAC owns 50.09% of Irkut shares. 38.22% are contributed by private shareholders and 11.89% are held by Sukhoi.
Irkut builds Sukhoi jet fighters for export to Asian countries.