German states, govt to take 40 pct, private banks 60 pct of EADS stake - report |
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Published
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Sun, 21 Jan 2007 17:34
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FRANKFURT (AFX) - Six private banks will acquire 60 pct of DaimlerChrysler AG's 7.5 pct stake in EADS, while the German government and five German states will acquire the remaining 40 pct, weekly Focus reported in a pre-release of its Monday edition citing unnamed sources.According to the report, the 7.5 pct stake will cost 1.5 bln eur.The German government will acquire 13 pct of the stake through its KfW Kreditanstalt fuer Wiederaufbau and the city states of Hamburg and Bremen will acquire 10 pct and 2 pct respectively, the weekly said.Bavaria, Lower Saxony and Baden-Wuerttemberg will buy 5 pct each, the report said, adding the takeover consortium also comprises Deutsche Bank, Commerzbank, Goldman Sachs and three other unnamed private banks.The German government said on Friday it expects to announce an agreement regarding its proposal for a consortium of banks to acquire part of DaimlerChrysler's stake in EADS by the end of January.newsdesk@afxnews.comjcs/wjCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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EADS' Bischoff says German proposal for DaimlerChrysler stake is 'good' 