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.
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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.
About Daimler
Daimler AG is one of the world's most successful automotive
companies. With its divisions Mercedes-Benz Cars, Daimler
Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial
Services, the Daimler Group is one of the biggest producers of
premium cars and the world's biggest manufacturer of commercial
vehicles with a global reach. Daimler Financial Services provides
financing, leasing, fleet management, insurance and innovative
mobility services.The company's founders, Gottlieb Daimler and
Carl Benz, made history with the
invention of the automobile in the year 1886. As a pioneer of
automotive engineering, Daimler continues to shape the future of
mobility today: The Group's focus is on innovative and green
technologies as well as on safe and superior automobiles that
appeal to and fascinate its customers. For many years now, Daimler
has been investing continually in the development of alternative
drive systems with the goal of making emission-free driving
possible in the long term. So in addition to vehicles with hybrid
drive, Daimler now has the broadest range of locally emission-free
electric vehicles powered by batteries and fuel cells. This is just
one example of how Daimler willingly accepts the challenge of
meeting its responsibility towards society and the environment.
Daimler sells its vehicles and services in nearly all the countries
of the world and has production facilities on five continents. Its
current brand portfolio includes, in addition to the world's most
valuable premium automotive brand, Mercedes-Benz, the brands smart,
Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra and
Thomas Built Buses. The company is listed on the stock exchanges of
Frankfurt and Stuttgart (stock exchange symbol DAI). In
2011, the Group sold 2.1 million vehicles and employed a workforce
of more than 271,000 people; revenue totaled €106.5
billion and EBIT amounted to €8.8 billion.
SOURCE Daimler Corporate Communications