Daimler looking for Chinese investor - magazine

Newswire

FRANKFURT, Dec 20 (Reuters) - Daimler is looking for a Chinese investor that could take a 5-10 percent stake in the luxury carmaker, Germany's manager magazin reported in an excerpt of an article to be published on Friday, citing company sources. The magazine said Chief Financial Officer Bodo Uebber had hired an investment bank to arrange a potential deal. China Investment Corporation (CIC), the country's sovereign wealth fund, is considered the front runner, it said. Daimler declined to ...

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