Daimler says sold stake in debis to Cerberus

Newswire

FRANKFURT, April 25 (Reuters) - U.S.-German carmaker DaimlerChrysler sold its stake in airplane leasing firm debis AirFinance to U.S. private equity firm Cerberus Capital Management for an undisclosed sum. "With this step, the DaimlerChrysler group pursues its strategy of concentrating on its core automotive business and its related financial services," the carmaker said in a statement on Monday. It added that the other shareholders, German banks Bayerische Landesbank, Dresdner Bank , DZ ...

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