Daimler AG (DDAIF.PK) Wednesday said it is reorganizing its shareholder structure and financial statements as its current shareholder pact will be terminated shortly.
Subsequently, Daimler's EADS shares will be remeasured at their current, higher stock-market value, beginning from the second quarter, replacing the the at-equity method.
The remeasurement is expected to increase the company's per-share earnings by approximately 1.25 euros.
The remeasurement will also increase the Group's second-quarter EBIT by approximately 2.7 billion euros, of which 1.35 billion euros relates to the 7.5 percent EADS shares held by Daimler, while remaining 1.35 billion is related to the EADS shares held by the Dedalus consortium. The company intents to sell remaining shares in EADS.
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