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Sovereign Wealth Funds Briefing - Categorized | Investment

Daimler says does not expect CIC to take 10 pct stake

Posted on 26 February 2013

German car maker Daimler does not expect Chinese sovereign wealth fund China Investment Corp to take a 10 per cent stake in the company, its chief financial officer told a German newspaper. “No, I don’t expect this to happen. There is a lot of speculation about us looking for another anchor shareholder in addition to Kuwait, but that’s not true,” Bodo Uebber told Handelsblatt in an interview published on Monday.
In January, shares in Daimler rose following a Chinese media report that CIC, the country’s investment vehicle, was interested in buying a stake of between 4 and 10 per cent stake in Daimler………………………………………..Full Article: Source


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