Daimler to sell remaining stake in EADS
http://www.bbc.co.uk/news/business-22175524 Version 0 of 1. Carmaker Daimler is selling its remaining 7.5% stake in pan-European aerospace and defence group EADS. Germany's Daimler, owner of Mercedes-Benz, said it would use to the funds to focus on its main carmaking business. The shareholding in EADS is worth about 2.3bn euros ($3bn; £2bn) as of the end of Tuesday trading. EADS is the parent company of aircraft manufacturer Airbus. EADS said it would buy about 600m euros worth of the shares. Daimler also sold a 7.5% stake in EADS last year. |