UPDATE 1-Dubai buys $1bn stake in Daimler-Chrysler

Newswire

(Adds details) DUBAI, Jan 30 (Reuters) - The government of the Gulf emirate of Dubai said on Sunday it had bought a $1 billion stake in DaimlerChrysler AG . The purchase was made through the government's wholly owned Dubai Holding company, which said in a statement it was now the third-biggest shareholder in the German-American auto manufacturer. "This is a perfect time to acquire shares in DaimlerChrysler as the company begins to bear the fruits of its merger with Chrysler," said ...

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