| The German automotive company Daimler AG is reportedly seeking to sell a 5 to 10 percent stake in itself to the $410 billion sovereign wealth fund China Investment Corp (CIC).
Daimler has hired an investment bank to arrange a potential deal and CIC is considered the front runner, Germany's Manager Magazin quoted Chief Financial Officer Bodo Uebber as saying. "Our company is not commenting on market speculation," Wang Yan, vice-president of Daimler Northeast Asia Ltd, said...............................................Full Article: Source |