7-Dec-2012 11:17 AM

Daimler successfully places 7.5% of EADS shares

Daimler announced (06-Dec-2012) it raised EUR1.66 billion from the sale of its 7.44% stake in EADS, selling 61.1 million shares at EUR27.23 each to KfW, private Dedalus investors and international investors by way of the accelerated book building (ABB). KfW acquired 2.76% of EADS shares in the ABB. Private Dedalus investors acquired 1.9% of the EADS shares as part of the transaction. The closing price was in the upper range of forecast estimates and the placement was several times oversubscribed. The stake in EADS held by Daimler after the transaction is approximately 7.5%. Goldman Sachs and Morgan Stanley acted as joint bookrunners for the placement of EADS shares through the ABB. [more - original PR]