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China's BAIC buys 5% Daimler stake; Daimler welcomes investment

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TPX Member Level  Tuesday, 07/23/19 09:38:54 AM
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China's BAIC buys 5% Daimler stake; Daimler welcomes investment

JULY 23, 2019

FRANKFURT, July 23 (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in Germany’s Daimler.

Daimler said that it welcomed the investment.

https://www.reuters.com/article/baic-daimler/chinas-baic-buys-5-daimler-stake-daimler-welcomes-investment-idUSFWN24O0H0

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