C🚖China’s Geely Is Buying a $9 Billion Stake in Daimler

🚖China’s Geely Is Buying a $9 Billion Stake in Daimler

Li Shufu, the chairman and main owner of Chinese carmaker Geely, has amassed a stake of 9.69 percent in Daimler AG, the German company said in a regulatory filing Friday.

The stake, worth nearly $9 billion at the current market price for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans.

http://www.autonews.com/article/20180223/GLOBAL03/180229892/geely-daimler-stock-purchase-stake?X-IgnoreUserAgent=1

Chairman of China’s Geely acquires 10 percent of Daimler

http://www.detroitnews.com/story/business/autos/foreign/2018/02/23/china-geely-ten-percent-daimler/110752944/