EADS shares soar as Daimler nets US$2b from stake sale

German carmaker Daimler raised over US$2 billion from a lightning sale of shares in Airbus parent EADS on Thursday, making it the first beneficiary of a shake-up of the European aerospace group that drove up shares in EADS.

Daimler’s sale of a 7.5 per cent stake is the first step in a series of choreographed transactions designed to reduce the scope for government interference in EADS under a deal negotiated by politicians, banks and industrialists.

via Business feed http://www.scmp.com/business/companies/article/1099793/eads-shares-soar-daimler-nets-us2b-stake-sale