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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Daimler AG : CIC not in discussions to buy Daimler stake

Posted on 08 January 2013

China Investment Corp. isn’t in discussions to buy a stake in German auto maker Daimler AG, according to people with direct knowledge of the matter. Citing weekend Chinese media reports, China’s People’s Daily Online website said on Monday that the Chinese sovereign wealth fund was about to buy a 4% to 10% stake in Daimler. Daimler shares were up 1.9% on Monday morning in Frankfurt.
One of the people with knowledge of the matter said CIC “isn’t in talks” to buy a Daimler stake………………………………………..Full Article: Source


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