Exclusive: China's BAIC seeks to buy 5 percent Daimler stake – sources

May 11, 2019 by  
Filed under News

China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters.

Source: Reuters Business News

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