Setup News Ticker
Searching for 'Group INVESTMENT'. (Return)

Yahoo BusinessDec 15, 2019
China's BAIC Mulls Raising Daimler Stake to Almost 10%
(Bloomberg) -- BAIC Group is considering lifting its stake in Daimler AG to as much as 9.9%, according to people familiar with the matter, strengthening Chinese ownership of the Mercedes-Benz maker as Germany gets drawn deeper into global trade tensions.The move would put almost 20% of Stuttgart-based Daimler into the hands of two major Chinese owners. Zhejiang Geely Holding Group, owned by billionaire Li Shufu, bought a 9.7% holding last year.State-owned BAIC, which last reported a 5% holding in Daimler, has also raised the prospect of taking a seat on the supervisory board, said the people, who asked not to be identified as the matter is confidential. Geely has no board representation.Gaining a second anchor shareholder could benefit Daimler, which has seen profit margins pressured from hefty investments into electric mobility. Potentially, the move could ease the way for the German manufacturer to lift its 49% stake in its main Chinese joint venture with BAIC.But complications could also arise. Daimler has had concerns that such a large Chinese ownership stake would increase scrutiny on the company by the U.S. Committee on Foreign Investment, or CFIUS.Trade tensions involving the U.S. and China have already whipsawed German carmakers. On Sunday, China's ambassador in Berlin underscored the strains by bringing up car sales as he threatened to retaliate against Germany if it goes along with U.S. demands to exclude Huawei Technologies Co. as a supplier of 5G wireless equipment.Daimler Chief Executive Officer Ola Kallenius and BAIC chairman Xu Heyi are in direct contact over future co-operation, the people said."We welcome long-term oriented investors," Daimler management board member for Ch
TradeDeal US-China China war Trump
DealTrade China Best totally done
Chinatrade deal US-China war Detente
StocksBest Decade Buy Tech Motley
Trumpimpeachment Fox Trade POLITICO President
marketOil Stocks Investment Bull Surpass
impeachmentTrump Senate Fox Washington Post
InvestorsHey good America bailing stocks

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2019 CEOExpress Company LLC