German carmaker Daimler is selling its remaining 7.5% stake in pan-European aerospace and defence group EADS.
Daimler, owner of Mercedes-Benz, said it would use to the funds to focus on its main carmaking business.
The shareholding in EADS is worth about 2.3 billion euros ($3 billion) as of the end of Tuesday trading.
EADS is the parent company of aircraft manufacturer Airbus. EADS said it would buy about 600 million euros worth of the shares.
Daimler also sold a 7.5% stake in EADS last year.