Daimler to sell remaining stake in EADS

Airbus A380 planes EADS is the parent company of Airbus

Related Stories

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.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • SyedTanks instead of toys

    Lyse Doucet on the plight of children in Syria and Gaza


  • Silhouette of manSuper-shy

    Why do Germany's super-rich so often keep their heads down?


  • Children playing in Seoul fountainDay in pictures

    The best news photos from around the world in the past 24 hours


  • Gin drinkerMother's ruin

    The time was gin was full of sulphuric acid and turpentine


Elsewhere on the BBC

  • EscaladeBling's the thing

    The ostentatious Cadillac Escalade cruises into 2015 with fuel-gulping gusto

Programmes

  • The smartphones of shoppers being tracked in a storeClick Watch

    How free wi-fi can enable businesses to track our movements and learn more about us

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.