DaimlerChrysler will only cut EADS stake with government's OK

REUTERS | STUTTGART -- DaimlerChrysler will only reduce its stake in European aerospace and defense group EADS with the consent of the German government, it reaffirmed today.

A spokesman for the company declined to say what the current stance was in ongoing negotiations, but that the company would stick to its already announced plan to reduce its stake by 7.5 percent, bringing its total EADS holding to 15 percent.

DaimlerChrysler has repeatedly said once it reaches that level, it does not plan to sell any more shares in EADS.