UPDATE 1-Daimler says talks to sell Chrysler stake difficult

Newswire

* talks to sell 19.9 pct stake have not collapsed * Cerberus demands exceed its investment FRANKFURT, Nov 26 (Reuters) - Daimler said on Wednesday talks to sell its remaining 19.9 percent stake in Chrysler to Cerberus [CBS.UL] had become more difficult because the U.S. private equity firm was making "exaggerated demands". Cerberus agreed to buy an 80.1 percent stake in Chrysler from Daimler AG in May 2007, and Daimler confirmed in September that it was in talks with the buyout group to ...

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