Dubai International Capital has bought a 3.12% stake in EADS (European Aeronautic, Defence and Space) for an undisclosed sum.
Although the investment company has not disclosed the transaction terms the stake was worth €614m at yesterday’s closing price, online news service Bloomberg reported.
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The purchase will make Dubai International the fifth largest shareholder of EADS, but the investment company says it has no plans to take a board seat or an active role in the company.
EADS makes helicopters, fighter jets, missiles, passenger jets and transport aircraft.
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