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Daimler Gains $3.44 Billion From The Assessment Of Its EADS Holdings

March 31, 2013

Daimler is not only significant in the auto making industry. It has also been an integral part of the European Aeronautic, Defence & Space Co. for decades. However, the famous parent company of Mercedes-Benz has now decided to sell its shares of the aeronautical company. According to the news from Bloomberg which was published last March 27 in its official website, Daimler will book around 2.7 billion Euros or 3.44 billion U.S. Dollars from the reevaluation of its remaining holdings in the airplane maker. Their remaining shares is around 7.5% said Bloomberg. After the vote conducted by EAD owners last Wednesday, March 27, it was decided that the shareholder pact... Continue Reading »

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