Η Daimler AG ανακοίνωσε σήμερα πως ολοκλήρωσε επιτυχώς την πώληση του 7,5% της European Aeronautic Defence & Space Co. (EAD.FR). Η μητρική εταιρία της Mercedes και της Smart πούλησε 6,1 εκατ. μετοχές της EADS έναντι 27,23 ευρώ ανά μετοχή.
Η συμμετοχή της Daimler στην EADS ανέρχεται πλέον περίπου σε 7,5% με την Goldman Sachs και τη Morgan Stanley να ήταν από κοινού ανάδοχοι του placement των μετοχών της EADS. Υπήρχε μεγάλη ζήτηση από τους θεσμικούς επενδυτές αφού η προσφορά καλύφθηκε πολλές φορές.
Ο Bodo Uebber, μέλος του διοικητικού συμβουλίου της Daimler δήλωσε:
Από αυτήν πώληση εισπράξαμε περίπου 1,66 δισ. ευρώ τα οποία συμβάλλουν θετικά στις ταμειακές ροές φέτος. Θα επενδύσουμε τα έσοδα για την παγκόσμια ανάπτυξη των τμημάτων μας, των προϊόντων μας και την επέκταση της τεχνολογικής μας πρωτοπορίας.
Περισσότερες λεπτομέρειες μπορείς να βρεις στο δελτίο τύπου που ακολουθεί.
[Πηγή: Daimler | Photo: mybenzru/Flickr]
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Daimler sells 7.5 percent of EADS shares as planned in 2012
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- Understanding with KfW and the German government on new shareholder structure for EADS and the Dedalus investor consortium
- Immediate sale of 61.1 million EADS shares (approximately 7.5%) through accelerated book building (ABB)
- KfW makes an offer for 2.76% of the EADS shares as part of the ABB process
- Private Dedalus investors make an offer for 1.9% of the EADS shares as part of the ABB process to reduce hedging instruments
- KfW acquires the shares held by all private Dedalus investors, the bank Landeskreditbank Baden-Württemberg-Förderbank and the investment company Süd-Kapitalbeteiligungs-Gesellschaft, which thus leave the Dedalus consortium.
- Dedalus voting rights are to be exercised by Daimler until the EADS extraordinary shareholders’ meeting in 2013.
- After the ABB, Daimler will hold approximately 7.5% of EADS shares and voting rights.
(Stuttgart) As planned, Daimler AG is reducing its equity interest in EADS by approximately 7.5%, or 61.1 million shares, before the end of 2012. The EADS shares will be sold for a uniform price to KfW, private Dedalus investors and institutional investors by way of an accelerated book building (ABB).
As part of this ABB process, KfW has made an offer for a volume of 2.76% of the EADS shares. As part of the ABB process, some private Dedalus investors have also made an offer for a total volume of 1.9% of the EADS shares. In parallel, these private Dedalus investors will sell their shares in Dedalus GmbH & Co. KGaA (and thus their indirectly held EADS shares) to KfW and will therefore participate in Daimler’s ABB process in order to cancel their hedging instruments, which they had entered into in relation to their EADS shares. Daimler intends to preferentially allocate shares to these investors in the ABB process.
The ABB sale process will be initiated immediately; the final sale price will probably be set on December 6, 2012. The sale of EADS shares by Daimler is taking place in close consultation with KfW and the German government.
As previously announced, Daimler, KfW and the existing Dedalus investors have also agreed on the future structure of the Dedalus investor consortium, which currently holds approximately 7.5% of the EADS equity. Accordingly, KfW has made an offer to the Dedalus Investoren Allianz, Commerzbank, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, Landeskreditbank Baden-Württemberg-Förderbank and Süd-Kapitalbeteiligungs-Gesellschaft to buy their indirectly held EADS shares on the basis of the price achieved in the ABB. This means that when the transaction is closed, all private investors, Landeskreditbank Baden-Württemberg-Förderbank and Süd-Kapitalbeteiligungs-Gesellschaft will have withdrawn from the Dedalus consortium. The voting rights of the Dedalus consortium are to be exercised by Daimler until the extraordinary shareholders’ meeting of EADS in 2013.
“As a founding member, we have successfully accompanied EADS on its way to becoming a world market leader over a period of more than ten years. We welcome this reorganization of the shareholder structure with limited state influence. Together with the planned protective mechanisms concerning state influence, EADS is ideally placed to face future challenges. At the same time, we have always stated that we want to concentrate on the core business of automotive manufacturing and mobility services. Our divestment of EADS shares is made in accordance with the interests of the Federal Republic of Germany. We will invest the proceeds of the sale in the global growth of our divisions and the extension of our technological leadership,” stated Bodo Uebber, Member of Daimler’s Board of Management for Finance & Controlling and Financial Services.
The implementation of the new shareholder agreement at EADS is subject to an extraordinary meeting of the EADS shareholders, which will probably be held in the first quarter of 2013.
Following the conclusion of the ABB process, Daimler will continue to hold 7.5% of the shares of EADS, whereby Daimler has a commitment vis-à-vis the bank consortium on a market-protection agreement (a so-called lock-up) for 180 days following the ABB.
In addition, Lagardere SCA, SOGEPA, SEPI und KfW have generally agreed not to sell any additional EADS shares on the market until the extraordinary shareholder meeting of EADS, however no later than July 31, 2013.
“In principle, we intend to further reduce our equity interest in EADS. We will decide in due course on the exact date and procedure,” explained Bodo Uebber.
Goldman Sachs and Morgan Stanley have been engaged by Daimler as joint bookrunner for the ABB process. JP Morgan is acting as financial advisor to Daimler.
Not for distribution in the United States, Australia, Canada and Japan
These materials are not an offer for sale of any securities of EADS in the United States of America (the “United States”), in Australia, in Canada or in Japan or in any jurisdiction in which such offer is unlawful. The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the „U.S. Securities Act“) or under the applicable securities laws of Australia, Canada or Japan. Any securities of EADS may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act. Daimler does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States. Subject to certain exceptions, the securities of EADS referred to in this materials may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
Daimler welcomes the new shareholder agreement at EADS; reduction of own shareholding in 2012 proceeding as planned
- Daimler and KfW continue to be in close contact
- Final decisions on exact details of the sale to be made soon
(Stuttgart) – Daimler welcomes and supports the new organization of the shareholder structure at EADS and the related conclusion of a new shareholder agreement replacing the existing one. As before, Daimler intends to reduce its equity interest in EADS before the end of 2012 and in this context will sell some of its EADS shares, among others to KfW. Daimler and KfW are in close contact on this matter. Final decisions on the exact details of the sale will be made soon.
“We welcome the reorganization of the EADS shareholder structure with a limited state influence, which we have always advocated. This is a big step towards a more market-oriented shareholder structure and will expand the entrepreneurial freedom of EADS. In combination with the protective mechanisms on limiting voting rights that are now planned, EADS is extremely well prepared to face future challenges,” stated Bodo Uebber, Member of Daimler’s Board of Management for Finance & Controlling and Financial Services. “At the same time, we can further reduce our shareholding. As we have previously emphasized, we want to concentrate on our core business of automotive manufacturing and mobility services.”