Berlin prepares to take stake in EADS

Article reports that the German government was preparing in the autumn of 2011 to take a stake in European aerospace company EADS after no buyers for part of Daimler’s holding came forward.

The German government viewed Daimler’s holding as a counterweight to the 22.5% held by the French government and media group Lagardère – and a guarantee that production will stay in Germany as well as France.

ESO: Background information: Gallois seeks to curb EADS stake sale talk http://www.europeansources.info/record/gallois-seeks-to-curb-eads-stake-sale-talk/

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