The German automotive group Daimler placed on the market through an accelerated bookbuilding procedure a 7,5% stake in European Aeronautic Defense & Space Co., selling 61,1 million EADS shares at a price of €27,23 each, reducing his stake in the company to 7,5%.
The placement was managed by Goldman Sachs and Morgan Stanley. Demand was much higher than supply. Satisfied Daimler's financial director Bodo Uebber, who declared that "from this sale, we will get approximately 1,66 billion euros, which will positively contribute to our annual free cash flow“. The group's goal is to invest in technology.
