Daimler says that it’s a certainty that the balance of power at the Airbus parent may be wiped out and the Franco-German shareholder pact may dissolve if a merger results from the ongoing talks between EADS and British peer BAE Systems. Last Thursday, a Daimler spokesman said that this will make it possible for the German automaker to exit its stakeholding in EADS at last. In an e-mailed statement, the spokesman said that since the transaction being planned would involve a possible dissolution of the Shareholder Pact, all of the options would be available to it in principle, which includes the likelihood of selling its stake on the open market. For several months now, Daimler has been urging the German government to find a buyer for at least some portion of its holding as the company incurs expenses for the vehicle development at its Mercedes-Benz unit. Based in Paris and Munich, EADS is valued at 17.3 billion euros as its stock increased by 21% in 2011. Daimler had founded EADS in 2000 by offering its Dasa aerospace unit to the plane making and defense company's formation.
Daimler could exit EADS if BAE merger will succeed
by Andrew Christian, Email, 17 Sep, 2012
