Daimler AG Begins Sale Of Remaining Stake In EADS-Reuters

Tuesday, 16 Apr 2013 02:48pm EDT 

Reuters reported that Daimler AG has begun selling its remaining stake in Airbus owner EADS on april 16, 2013 as part of a wider overhaul of the European aerospace group's core ownership nearly 13 years after its creation. Daimler said that it received a waiver from a six-month lock-up period and would immediately begin placing with investors 61.1 million shares, equivalent to a 7.5% stake in EADS.