Analysts Cheer Daimler's Abu Dhabi Deal

It was the kind of news the German stock market had evidently been waiting for—after the emirate of Abu Dhabi said on Sunday evening it was taking a 9.1 percent stake in German auto maker Daimler (DAI), the stock leapt as much as six percent. By midday on Monday, the stock was still up around two percent. Analysts said the investment by the oil-rich sheikhs would stabilize the Stuttgart-based company which is suffering from the global slump in auto sales. Daimler, they said, had found a new strategic investor with a long-term focus.

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