DaimlerChrysler sells EADS shares to private investor, reduces stake to 15%
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DaimlerChrysler AG said Friday it sold a third of its stake in EADS, the parent company of planemaker Airbus, to a private investment group in a deal that will maintain the balance between German and French ...Comment
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DaimlerChrysler will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares, the carmaker said after reporting quarterly profit in line with market expectations.
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DaimlerChrysler is cash rich to the tune of USD$912 million after selling off its Hyundai Motor Co. Ltd stock yesterday. The world&#39;s ...
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BAE Systems will agree to sell its 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 1.9 billion pounds.
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The leading French and German shareholders in European aerospace group EADS, the parent company of Airbus, were set to meet on Monday in Munich, a source close to the company told AFP.
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By Kyodo News International, Tokyo  Feb. 26--TOKYO -- DaimlerChrysler AG is weighing taking a minority stake  in General Motors Corp.
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MUNICH, Germany  - Losses at planemaker Airbus slashed 2006 operating profits at Franco-German parent EADS  by 86 percent to 399 million euros ($526 million), but the fall was cushioned by defense profits, the group said on Friday.
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Shares in Airbus parent firm EADS fall by almost 4%, after the firm suspends work on a freight version of its A380 superjumbo.
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Defence firm BAE is to sell its 20% stake in plane firm Airbus to EADS for Â£1.87bn.
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Shares in EADS, the parent of jet-maker Airbus, rose Wednesday on reports that a Russian bank had bought more than 4 percent of its stock. But EADS retracted an earlier comment in which it said Moscow-based Vneshtorgbank had confirmed the acquisition.
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The German government is nearing a deal for German banks to buy a stake in EADS as DaimlerChrysler reduces its holding in the company.
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DaimlerChrysler AG (DCXGn.DE) is  considering taking a minority stake in General Motors Corp.   as payment for Chrysler if a deal between the two  automakers takes place, the Financial Times said on Monday.
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Automaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co., a move that it expects will raise more than &#36;900 million.
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In a setback for French president Nicolas Sarkozy, the companyâs main private shareholders agreed to give DaimlerChrysler the right to name the chief executive.
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FRANKFURT, Germany -- Automaker DaimlerChrysler AG said Wednesday that its second-quarter profit fell 14 percent, even as the Chrysler division and financial services business that it has sold to a private equity group posted better results.
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Top managers at Airbus parent company EADS knew of delays in aircraft production when they sold their stock options in March, shortly before Airbus shares crashed on a shock announcement, a French daily alleged Tuesday.
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Russian state bank Vneshtorgbank  has accumulated a 5 percent stake in European aerospace firm  EADS , a Russian business daily reported, helping lift  shares in the Airbus planemaker on prospects of new  opportunities in Russia.