Daimler, BAIC to sign stake deals on Friday -paper

Newswire

BEIJING, Jan 31 (Reuters) - Daimler will sign a deal in Germany on Friday to take a 10-20 percent stake in its Chinese partner, BAIC Group, China's National Business Daily newspaper said on Thursday. BAIC, which is planning to take its subsidiary, BAIC Motor, public in 2013 or 2014, will also increase its holding in its 50-50 venture with Daimler's Mercedes-Benz to 51 percent, the newspaper said, citing unnamed people. Sources told Reuters earlier in the month ...

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