(MENAFN) While confirming that Chairman of Zhejiang Geely Holding Group, has acquired 9.69 percent of the Daimler AG shares, the German automotive manufacturer told Xinhua it welcomes the new long-term shareholder.
The German company said: "Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder."
The carmaker has appreciated Li Shufu as "an especially knowledgeable Chinese entrepreneur with clear vision for the future, with whom one could constructive discuss the change in the industry."
Geely has become the largest single shareholder of Daimler AG, with the acquisition of almost .7 percent of shares.
MENAFN2502201800450000ID1096513338
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.