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Germany Plans to Buy 12 Percent of EADS This Year, FTD Says

March 23 (Bloomberg) -- Germany plans to boost its stake in European Aeronautic, Defence & Space Co. by 12 percent this year by purchasing shares owned by Daimler AG and the Dedalus consortium, FTD reported, citing unnamed people close to the government.

The country would through the state-owned development bank Kreditanstalt fuer Wiederaufbau buy a 7.5 percent stake held by Daimler and as much as 4.5 percent of the shares owned by the Dedalus group of private banks, according to FTD. The purchase would let Germany match France’s 15 percent stake, FTD said.

To contact the reporter on this story: Alex Webb in Frankfurt at awebb25@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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