Daimler Seeks Majority Control of China JV With BAIC -Reuters
December 17 2019 - 4:13AM
Dow Jones News
--Daimler, the maker of Mercedes-Benz cars, is seeking to buy a
majority stake in its Chinese operations, Reuters reports, citing
people familiar with the matter.
--Daimler has been exploring several options to increase its
control over the business, including raising its stake in Beijing
Benz Automotive Co, its Chinese joint venture with BAIC, to 75%
from 49%, according to the report.
Full story: https://reut.rs/2rTnbUI
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(END) Dow Jones Newswires
December 17, 2019 04:58 ET (09:58 GMT)
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