December 3, 2012 / 9:55 AM / 5 years ago

KfW to buy 4.8 percent in EADS: Austrian cartel office

FRANKFURT (Reuters) - Germany's state controlled bank KfW plans to buy a 4.8 percent indirect stake in aerospace company EADS from a investor consortium known as Dedalus, Austria's cartel office said on Monday.

The consortium made up of private financial institutes and German public sector owners, including KfW, holds a stake in EADS equivalent to 7.5 percent, for which Daimler controls the voting rights.

KfW will buy a 65 percent stake in the holding firm, Dedalus GmbH & Co KGaA, the Austrian competition authorities said on Monday.

Reporting By Edward Taylor

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