French state sells 2.1% EADS stake

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France has raised €707 million from a sale of part of its shares in Airbus parent EADS, the latest step to simplify the group's ownership structure.

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The French government said Friday it has raised €707 million from the sale of part of its shareholding in Airbus parent European Aeronautic Defence & Space Co., the latest step in the simplification of the aero-defence group's ownership structure, reports The Wall Street Journal.