UPDATE 2-Deutsche cuts DaimlerChrysler stake to under 5 pct

Newswire

(Adds terms of sales, background) By Michael Shields and John O'Donnell FRANKFURT, Nov 22 (Reuters) - Deutsche Bank sold more than a third of its shares in DaimlerChrysler on Tuesday for more than 1 billion euros, cutting its stake in the German carmaker and decades-long ally to under 5 percent. Germany's biggest bank said it placed 25 million Daimler shares with investors at 43.20 euros each, reducing its 6.9 percent stake to around 4.4 percent in a transaction worth 1.08 billion ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Deutsche cuts DaimlerChrysler stake to under 5 pct" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×