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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Daimler bearish on CIC stake purchase

Posted on 27 February 2013

German car giant Daimler is not expecting sovereign wealth fund China Investment Corp to continue with its purchase of the ten percent stake in the company. The observation was made by Daimler’s Chief Financial Officer Bodo Uebber.
In an interview with Handelsblatt, “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.” Currently, Kuwait holds a 7.6 percent stake in the German carmaker…………………………………..Full Article: Source


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