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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Daimler rises on report China wealth fund may buy stake

Posted on 08 January 2013

Daimler AG (DAI) rose to a nine-month high after state-run Chinese newspaper People’s Daily reported the country’s sovereign-wealth fund may buy a stake in the world’s third-biggest maker of luxury cars.
China Investment Corp. may acquire a holding of 4 percent to 10 percent in Stuttgart, Germany-based Daimler, the People’s Daily said on its website today, citing an unidentified Internet posting. The story wasn’t carried in the newspaper’s print edition. Daimler Chief Executive Officer Dieter Zetsche has said repeatedly that he’s looking for a new long-term shareholder and would welcome an investor from China………………………………………..Full Article: Source


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