Geely takes hostile 10% stake in Daimler

jack_christie

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This is all kinds of weird.

Daimler has a Chinese partner, namely BAIC.

Daimler also has an alliance with Renault-Nissan

Geely owns Volvo and has an 8% stake in Volvo trucks.

By using Hong Kong shell companies, derivatives, bank financing and carefully structured share options, Li Shufu kept the plan under wraps until he could, at a stroke, become Daimler’s single largest shareholder.
https://www.reuters.com/article/us-d...-idUSKCN1GD5ST
 
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I mean, I kind of get it, at the same time I don't.
 
For what they spent on a chunk of Daimler, they could of had all of FCA.
 
GRtak;n3546826 said:
For what they spent on a chunk of Daimler, they could of had all of FCA.

FCA is more than double that now and the value is going up.

Some reckon Geely is trying to force a deal on EV's.
 
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