Chinese speculations suggest that Geely and its owner Li Shufu intend to increase their Daimler stake from currently slightly less than 10% by another 15%. According to Daimler’s most recent ownership report, Bank of America currently controls 15.7% of Daimler’s votes and Morgan Stanley another 5.5%, with Bank of America overwhelmingly via options. These two banks were apparently the organisers of Geely’s initial investment and some of Geely’s current Daimler shares might well be included.
When ....
16 Sep 2018
Geely to increase its Daimler stake?
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Geely to increase its Daimler stake?
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
16 Sep 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Chinese speculations suggest that Geely and its owner Li Shufu intend to increase their Daimler stake from currently slightly less than 10% by another 15%. According to Daimler’s most recent ownership report, Bank of America currently controls 15.7% of Daimler’s votes and Morgan Stanley another 5.5%, with Bank of America overwhelmingly via options. These two banks were apparently the organisers of Geely’s initial investment and some of Geely’s current Daimler shares might well be included.
When ....