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Home Defence & Military News Air Force News

German City-State Set to Buy EADS Stake

by Editor
January 18, 2007
in Air Force News
1 min read
0
14
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, Bremen has said it is ready to buy part of the stake in European aerospace giant EADS being offloaded by carmaker DaimlerChrysler. The city-state's purchase would help meet aims to keep the shares in German hands. 
 
The Bremen government is prepared to spend 30 million euros ($38.7 million) to acquire part of the European Aeronautics Defense and Space Company (EADS). The northern German city-state would then hold 2 percent of the 7.5 percent stake DaimlerChrysler has put up for sale. 
 
Mayor Jens B

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