Daimler AG, the world’s third- largest maker of luxury cars, sold its remaining stake in Airbus SAS parent European Aeronautic, Defence & Space Co. for 2.2 billion euros ($2.9 billion) to focus on its auto business.

Daimler disposed of 61.1 million shares in EADS, equal to 7.5 percent of the total, at 37 euros a share, the Stuttgart, Germany-based automaker said in a statement today. EADS bought 16 million of the shares for 600 million euros, Daimler said.

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