Daimler still aims to reduce EADS stake this year

FRANKFURT Wed Oct 10, 2012 9:25am EDT

FRANKFURT (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 defense and aviation merger, with sources close to the talks blaming Germany for wrecking the $45 billion deal.

(Reporting By Christiaan Hetzner)

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