March 23, 2012 / 8:04 AM / 5 years ago

Germany to buy up 12 percent of EADS - govt source

BERLIN, March 23 (Reuters) - Berlin is preparing to buy up to 12 percent of European aerospace group EADS from Daimler 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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