(Bloomberg) — BAIC Group is considering lifting its stake in Daimler AG to as much as 9.9%, according to people familiar with the matter, strengthening Chinese ownership of the Mercedes-Benz maker as Germany gets drawn deeper into global trade tensions.The move would put almost 20% of Stuttgart-based Daimler into the hands of two major Chinese owners. Zhejiang Geely Holding Group, owned by billionaire Li Shufu, bought a 9.7% holding last year.State-owned BAIC, which last reported a 5% holding in Daimler, has also raised the prospect of taking a seat on the supervisory board, said the people, who asked not to …read more
Source:: Yahoo Finance
