China builds 5% stake in Mercedes-Benz maker Daimler

China has increased its ownership of German car group Daimler by investing a further $2.8bn (€2.5bn) in the Mercedes-Benz maker.

China builds 5% stake in Mercedes-Benz maker Daimler
Wed, 24 Jul, 2019 - 07:15

By Christoph Rauwald

China has increased its ownership of German car group Daimler by investing a further $2.8bn (€2.5bn) in the Mercedes-Benz maker.

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CourtsPlace: GermanyPlace: EuropePlace: USPlace: ChinaPerson: Christoph RauwaldPerson: Li ShufuOrganisation: Mercedes-BenzOrganisation: DaimlerOrganisation: Beijing Automotive GroupOrganisation: Zhejiang Geely Holding GroupOrganisation: PSA GroupOrganisation: PeugeotOrganisation: CitroenOrganisation: OpelOrganisation: Bloomberg
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