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BAE sells remaining stake in Saab
Defence contractor BAE Systems has sold the final part of its stake in weapon maker Saab, 13 years after first investing in the German company. BAE began selling off shares in Saab in 2005, with the latest sale of 11.2m shares netting the group $254m (£155m). Shares in Saab, which is separate from the well-known car company, fell 8.39 per cent in trading yesterday after the news broke.