Arab Today, arab today daimler selling 75 stake in eads
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Daimler: Selling 7.5% stake in EADS

Arab Today, arab today

Arab Today, arab today Daimler: Selling 7.5% stake in EADS

Berlin - AFP

The German automaker Daimler said Tuesday that it has put its strategic 7.5 percent stake in the European aerospace and defence group EADS up for sale. \"Daimler announces the offer and sale of its 61.1 million shares in EADS through an accelerated book built offering, launched immediately. Through this placement, Daimler is selling its entire remaining equity interest, approximately 7.5 percent, in EADS,\" a statement said, adding that EADS intended to buy some of the shares for 600 million euros ($788 million).

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