Friday, October 06, 2006

DaimlerChrysler to keep 15 percent EADS stake

Reuters | STUTTGART, Germany -- DaimlerChrysler reaffirmed it will keep a strategic stake in European aerospace and defence group EADS of at least 15 percent, a spokesman for the automaker said today.

DaimlerChrysler declined to comment on whether the German government or state development bank KfW might buy shares in EADS to preserve German strategic interests in the European group.

The automaker reduced its EADS stake in April by 7.5 percent to 22.5 percent.

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