China Wants Its Share Of Daimler

Bertel Schmitt
by Bertel Schmitt
china wants its share of daimler

Three years ago, we reported that the Chinese government was interested in buying some of Daimler’s stock. Now, it looks like it might be finally happening.

Based on Chinese state media reports, Reuters says that China’s sovereign wealth fund is zeroing in on buying a stake in Daimler.

People’s Daily wrote that China Investment Corp was interested in buying between 4 and 10 percent of Daimler.

Daimler did not comment.

If it happens, China would replace Abu Dhabi’s sovereign wealth fund Aabar. In October, the emirate sold a remaining 3.07 percent stake in Daimler.

Join the conversation
  • -Cole- -Cole- on Jan 07, 2013

    Why Daimler? They think they can improve it, mold it into a Proud Investment?

  • Trend-Shifter Trend-Shifter on Jan 07, 2013

    China needs to recycle their currency and investing in large companies is smarter than buying US treasuries.