13
Dec
18:58
China’s BAIC won’t raise its stake in Daimler
Daimler said Monday that Chinese state-owned Beijing Automotive Group Co (BAIC) doesn’t intend to increase its shareholding in Daimler beyond the 9.98% it has held since 2019.
The statement by Mercedes-Benz owner follows the spin-off of Daimler Truck on 10 December, Kallanish notes. It’s the first time the German carmaker publicly confirmed that BAIC’s stake had increased from a previously disclosed 5%. Under German regulation, the Chinese firm …
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Anonymous
Very good overview of the weekly steel market.
Anonymous