OREANDA-NEWS. December 06, 2012. The demand from institutional investors was very strong. The book was multiple times oversubscribed.

As previously announced, KfW acquired 2.76% of the EADS shares in the ABB. Private Dedalus Investors acquired 1.9% of the EADS shares as part of the transaction.

"From this sale, we will realize approximately 1.66 billion euros, which are contributing positively to our free Cash Flow this year. We will invest the proceeds of the sale into the global growth of our divisions, our products and the extension of our technological leadership,” stated Bodo Uebber, Member of Daimler’s Board of Management for Finance & Controlling and Financial Services.

The stake in EADS held by Daimler after the transaction will amount to an approximate 7.5%.

Goldman Sachs and Morgan Stanley acted as Joint Bookrunners for the placement of EADS shares through the ABB.