Daimler (DDAIF.PK +3.3%) looks to follow in Lagardere's (LGDDF.PK) footsteps and unload its...

|About: Daimler AG (DDAIF)|By:, SA News Editor

Daimler (DDAIF.PK +3.3%) looks to follow in Lagardere's (LGDDF.PK) footsteps and unload its stake in European Aeronautic (EADSF.PK -4.2%), a company it helped found. Daimler's stake (around 61.1M shares) is valued at €2.28B assuming it gets a similar price to that Lagardere fetched (€37.35) for its shares last week. EADS will repurchase around €600M of the shares.