Deals
China's Geely Denies Report It Cut Daimler Stake
This article is for subscribers only.
Zhejiang Geely Holding Group denied selling any of its 9.7 percent stake in Daimler AG, following a Bloomberg report that the holding had been cut in half.
Geely, in a statement on its website, said that as a long-term investor in Daimler and its largest single shareholder, it has no plans to cut its holding in Daimler and that the holding remains unchanged.