Daimler Refuses Geely Offer To Buy Stake In German Brand - Hallo friend Simple Car, In the article you read this time with the title Daimler Refuses Geely Offer To Buy Stake In German Brand, we have prepared well for this article you read and download the information therein. hopefully fill posts Items HALF OF USE, Items LATEST NEWS, Items MODIFICATION, Items NEW CARS, Items SPERPART, Items UNIQUE,we write this you can understand. Well, happy reading .

Title : Daimler Refuses Geely Offer To Buy Stake In German Brand
link : Daimler Refuses Geely Offer To Buy Stake In German Brand

Daimler Refuses Geely Offer To Buy Stake In German Brand

Daimler has refused an offer from Chinese automaker Geely to purchase a 5 per cent stake in the company.

According to Reuters, Geely offered to purchase 5 per cent of Daimler through a discounted share placement in a deal which would cost approximately $4.5 billion at market prices.

Insiders believe Geely wants to gain access to Daimler’s electric vehicle technology as tough new emissions laws are passed in China. Upon refusing the offer, Daimler said Geely can buy shares in the open market.

Although Geely has failed to comment on the reports, a Daimler spokesman said it is welcome to new investors with long-term interest in the company.

If Daimler did accept Geely’s offer, the Chinese firm would have become Daimler’s third-largest shareholder behind the Kuwait Investment Authority and BlackRock.

Daimler already has joint ventures with Chinese carmakers BAIC Motor Corp and BYD.

PHOTO GALLERY

thus Article Daimler Refuses Geely Offer To Buy Stake In German Brand

That is all articles Daimler Refuses Geely Offer To Buy Stake In German Brand This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.

You now read the article Daimler Refuses Geely Offer To Buy Stake In German Brand with the link address https://simplecarday.blogspot.com/2017/11/daimler-refuses-geely-offer-to-buy.html

Tweet

Subscribe to receive free email updates: