China’s BAIC seeks to buy 5 percent Daimler stake

China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters. BAIC informed Daimler of its intention to buy a 4-5 percent stake in the German maker of Mercedes-Benz cars earlier this year, two of the three sources said.

Source: http://www.arabnews.com/node/1495706/business-economy

Main campus

Open on location Google Map