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EADS

Latest Mercedes-Benz News

Daimler Gains $3.44 Billion From The Assessment Of Its EADS Holdings

Daimler is not only significant in the auto making industry. It has also been an integral part of the European Aeronautic, Defence & Space Co. for decades. However, the famous parent company of Mercedes-Benz has now decided to sell its shares of the aeronautical company. According to the news from Bloomberg which was published last March 27 in its official website, Daimler will book around 2.7 billion Euros or 3.44 billion U.S. Dollars from the reevaluation of its remaining holdings in the airplane maker. Their remaining shares is around 7.5% said Bloomberg. After the vote conducted by EAD owners last Wednesday, March 27, it was decided that the shareholder pact… Continue Reading »

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Qatar Talks of Buying EADS Stakes from Daimler

According to Spiegerl.de, the government members of the Arab state, Qatar, is in talks to get 7.5% stake in European Defence & Space Co. EADS. This is after Daimler, who holds a 22.5% stake in EADS, announced that they would want to reduce that stake. EADS is the parent company of the plane maker Airbus, and it is being majority of the company is controlled by French and German interests. There are special rules to get portions of the company though, since they also manufacture security and arms equipment. Aside from that, Qatar is still studying the option more deeply because they might have to pull technology funds due to… Continue Reading »

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