Germany Inc on last legs as Deutsche exits Daimler

Newswire

* Bank gets 110 mln euro Q3 gain from Daimler stake * Held 0.9 pct in carmaker as of end-Q2 * Sale unwinds key part of cross-shareholding network FRANKFURT, Oct 29 (Reuters) - Deutsche Bank has sold its remaining stake in carmaker Daimler in one of the final steps towards unwinding 'Germany Inc', a once powerful system of cross-shareholdings in Europe's largest economy. The bank made a gain of 110 million euros ($163.2 million) from divesting the Daimler shares in the third quarter, ...

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