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Daimler raises prospect of boosting stake in Chinese partner: Bloomberg


(Reuters) - Germany's has raised the prospect of increasing its stake in a with Chinese partner Corp <1958.HK>, reported https://com/news/articles/2018-12-04/daimler-is-said-to-float-plan-to-increase-stake-in-china-venture on Tuesday, citing people familiar with the matter.

Daimler has shown an interest in raising its holding in to at least 65 percent from 49 percent, according to the report.

The discussions with BAIC at this stage are exploratory, the report added.

Daimler told that the company does not comment on speculations, but said was satisfied with its successful set-up in and its partnerships.

(Reporting by in Bengaluru; Editing by Shinjini Ganguli)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 18:50 IST