Deals
Daimler Is Near Decision to Examine IPO of Truck Unit
- Supervisory board to discuss formal listing considerations
- Daimler move would follow offering from VW’s Traton truck arm
Photographer: Kuni Takahashi/Bloomberg
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Daimler AG, the maker of Mercedes-Benz luxury cars, is nearing a decision to formally move ahead with a potential initial public offering of its massive heavy-truck unit, people with knowledge of the matter said.
The German group’s supervisory board is set to meet Wednesday and discuss whether to pursue a separate listing of the business, according to the people. Daimler could sell a minority stake in the unit through an IPO as soon as the second half of the year if it decides to proceed, the people said, asking not to be identified because the information is private.