01
Oct
15:59
Daimler’s shareholders approve spin-off plans
Daimler AG’s shareholders approved a “historic realignment” proposal on Friday, agreeing with the decision to spin off Daimler Truck by year-end, Kallanish reports.
The plan is for the commercial vehicle business to be listed as Daimler Truck Holding AG on the Frankfurt Stock Exchange as an independent company first. Shareholders will hold a 65% stake in the company, with Daimler AG retaining a 35% minority stake.
Then, in February 2022, Daiml…
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Anonymous
Very good overview of the weekly steel market.
Anonymous