Daimler, Renault may swap "symbolic" stakes - FT

Newswire

FRANKFURT, March 25 (Reuters) - German carmaker Daimler AG and France's Renault are close to deciding on a wide-ranging strategic partnership that would include a swap of small equity stakes, the Financial Times reported, citing unnamed sources close to the situation. It quoted one person as saying the "symbolic" stakes could be around 3 percent, just above the level at which they would have to be disclosed. The accord would be announced in April, the paper said on Thursday. Daimler ...

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