January 22, 2019

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Geely cuts its Daimler stake by more than half: Bloomberg

Jan 11, 2019 |

(Reuters) - Chinese billionaire Li Shufu's Geely Group cut its 9.7 percent stake in carmaker Daimler AG <DAIGn.DE> by more than half, Bloomberg reported on Friday, citing people familiar with the matter.

Li had taken a 9.69 percent stake in Daimler in 2018.

Daimler declined to comment on the report.

 

(Reporting by Ishita Chigilli Palli in Bengaluru; Editing by Shounak Dasgupta)

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