| Author (Person) | Schäfer, Daniel |
|---|---|
| Series Title | Financial Times |
| Series Details | 17.2.11 |
| Publication Date | 17/02/2011 |
| Content Type | News |
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Daimler offered in February 2011 to sell half of its stake in EADS to the German government in a potential wide-ranging reshuffle of the country’s interest in the Franco-German aerospace and defence group. Angela Merkel, the German Chancellor, was due to hold a meeting with cabinet members later in February 2011 to discuss a proposal to buy a 15% stake – worth €2.7bn at current market prices – half from Daimler and half from a banking group, two people close to the situation said. This would allow a part-exit for Daimler while maintaining the sensitive French and German balance of power in the European producer of the A380, the largest passenger airliner. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe, France, Germany |
