Daimler still aims to reduce EADS stake this year

Reuters

German automotive group Daimler remains in talks with the German government to lower its stake in European aerospace group EADS by selling a 7.5 percent holding to state-owned development bank KfW.

"We still aim to further reduce our stake in EADS this year," said a Daimler spokesman on Wednesday.

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Earlier EADS and BAE Systems called off the world's largest defense and aviation merger, with sources close to the talks blaming Germany for wrecking the $45 billion deal.

(Reporting By Christiaan Hetzner)