Date: 5 days ago   Category: Industry

The Chinese car maker Geely disproved messages about sale of a share in the German Daimler — Rambler News Service


The Chinese car maker Geely declared lack of plans for decrease in the share in the German Daimler. "Being a long-term strategic investor and the only major shareholder of Daimler AG, Zhejiang Geely Holding Group Co., Ltd. is not going to reduce the share in Daimler, and this share remains invariable" — it is said in the statement of the Chinese company. Earlier Bloomberg with reference to own sources reported that the owner of Geely Li Shufu reduced a share in Daimler from 9.7% to 5.4%. The new owner of this equity stake was not called. Shufu acquired shares of the manufacture of Mercedes-Benz in February, 2018, the cost of the transaction, according to Reuters, cost it $9 billion Zhejiang Geely Holding Group owns the Volvo Cars company. The Volvo cars gather on the plants in Sweden, Belgium, China. In 2018 the enterprise in the USA will also be open. Besides, Geely owns the equity stake of car makers Proton and Lotus.

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