German automaker Daimler AG is the latest shareholder in the European Aeronautic Defense & Space Company (EADS) to shed its holdings in the Airbus parent.
Stuttgart-based Daimler, owner of such brands as Mercedes-Benz and Maybach, announced Wednesday that it would raise $2.9 billion from a share offering for its remaining 7.5 percent stake in EADS, which it helped form in 2000. The European aerospace and defense giant has recently been overhauling its ownership structure.
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