Reuters reported exclusively that China’s BAIC Group is seeking to buy a stake of up to 5% in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive. BAIC informed Daimler of its intention to buy a 4-5% stake earlier this year and has asked local authorities in Beijing to support the purchase. BAIC has started acquiring Daimler shares on the open market.
Reuters exclusively reports Chinese group seeks to buy up to 5% of Daimler
11 May 2019, 12:00 am 1 minute
Type: Reuters Best