Sponsored Links

Daimler still aims to reduce EADS stake this year

FRANKFURT | Wed Oct 10, 2012 9:23am EDT

FRANKFURT Oct 10 (Reuters) - German automotive group Daimler remains in talks with the German government to lower its stake in European aerospace group EADS by selling a 7.5 percent holding to state-owned development bank KfW.

"We still aim to further reduce our stake in EADS this year," said a Daimler spokesman on Wednesday.

Earlier EADS and BAE Systems called off the world's largest defence and aviation merger, with sources close to the talks blaming Germany for wrecking the $45 billion deal.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.