Reuters: Deals: Germany to buy up 12 percent of EADS: government source

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Germany to buy up 12 percent of EADS: government source Mar 23rd 2012, 08:19 BERLIN | Fri Mar 23, 2012 4:19am EDT BERLIN (Reuters) - Berlin is preparing to buy up to 12 percent of European aerospace group EADS (EAD.PA) from Daimler DAGn.DE and private banks, a government source said on Friday. "The draft of the supplementary budget foresees 1.6 billion euros for this purpose," the source said, confirming a report in a German paper that the government could this year increase its stake in EADS via state-controlled development bank KfW.

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