Daimler says Mitsubishi Motors stake sale complete

Newswire

FRANKFURT, Nov 18 (Reuters) - DaimlerChrysler , the world's fifth-largest carmaker, confirmed on Friday the completion of its sale of a 12.4 percent stake in Japanese alliance partner Mitsubishi Motors Corp . Daimler said it received proceeds of 970 million euros ($1.13 billion) from the disposal, which will improve its financial result by 680 million. The sale will positively impact group profits by 501 million euros, the carmaker added, confirming an earlier estimate.

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