adminfollowing the offering, does not hold any residual shares in EADS,” the group said in a statement.
Shares in EADS soared by almost 4 percent in midday trades on the Paris stock exchange, while those in Daimler was sharply lower in Frankfurt.
As announced the day before, Daimler put up 61,1 million EADS shares for sale at 37 euros apiece.
EADS itself bought 16 million of the shares worth 600 million euros.
“Demand from institutional investors was strong,” Daimler said.
“We have concluded a very successful transaction, enabling us to fully participate in the positive development of the EADS share price,” said Daimler’s financial chief Bodo Uebber. — AFP.
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