STUTTGART, Germany, Dec. 6, 2012 /PRNewswire/ -- Daimler AG today sold 61.1 million shares in EADS to KfW, private Dedalus Investors and international investors by way of the Accelerated Book Building (ABB) announced yesterday. The price per share was set at €27.23, which corresponds to the EADS closing price in Paris on Dec 5.
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. Further information from Daimler is available at: www.media.daimler.com and www.daimler.com This document contains forward-looking statements that reflect our current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a worsening of the public debt crisis in the eurozone; a deterioration of our funding possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates; a shift in consumer preference towards smaller, lower margin vehicles; or a possible lack of acceptance of our products or services which limits our ability to achieve prices as well as to adequately utilize our production capacities; price increases in fuel or raw materials; disruption of production due to shortages of materials, labor strikes, or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook of companies in which we hold a significant equity interest, most notably EADS; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending governmental investigations and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in Daimler's most recent Annual Report. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.