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Daimler to keep 35% stake in trucks spin-off as separation nears

Reuters2021-07-30

FRANKFURT (Reuters) -Daimler will keep a 35% stake in the trucks division it plans to spin off later this year, the luxury carmaker said on Friday, unveiling more details about the landmark corporate split announced earlier this year.

The spinoff of Daimler Truck Holding AG as a separate listed entity will be voted on by Daimler shareholders at an extraordinary general meeting on Oct. 1. They will receive one share in the trucks division for every two Daimler shares.

Daimler, in turn, will be renamed Mercedes-Benz Group AG to reflect its focus on the car and van business including the Mercedes-Benz brand.

"Daimler's realignment makes one success story into two," Daimler Chief Executive Ola Kaellenius said.

"With this courageous step into a new future, we are creating added value with two pure-play companies for our customers, employees, shareholders and partners."

Daimler AG will provide Daimler Truck Holding AG with net liquidity of 5 billion euros ($5.94 billion) until the end of the year, when the truckmaker's shares are expected to start trading, so that it can achieve an investment-grade rating.

($1 = 0.8418 euros)

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  • MGOH
    ·2021-08-01
    Like 
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  • NicNg
    ·2021-07-31
    Please like and comment thanks
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    • NicNg
      Thanks!
      2021-08-01
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    • Huat899
      Pls like and comment, thanks
      2021-07-31
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    • NicNg
      Thanks please liKe my comment
      2021-07-31
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  • Whiteowl88
    ·2021-07-31
    Ok
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    • Bin8
      yes
      2021-07-31
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    • Huat899
      Pls like and comment, thanks
      2021-07-31
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  • watertreader
    ·2021-07-31
    Bad
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  • nayoowin
    ·2021-07-31
    Nice
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  • Kingkong86
    ·2021-07-31
    Nice
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  • Ben9663
    ·2021-07-31
    Nice la! 
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  • Bhaga
    ·2021-07-31
    [Cool] 
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    • Bhaga
      [Cool]
      2021-07-31
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  • AnaiAnai
    ·2021-07-31
    spin off with one off profit
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    • nicoco
      like
      2021-07-31
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  • KYBoo
    ·2021-07-31
    Gooe[呆住] 
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    • KYBoo
      goof
      2021-07-31
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  • Triciachan
    ·2021-07-31
    Please help to like
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    • Jloh
      K
      2021-07-31
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  • Whinz
    ·2021-07-31
    Please like this comment
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    • KlWong
      Ok
      2021-07-31
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  • OneZeroTrade
    ·2021-07-31
    Okie I think sntoo
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  • PanaCota
    ·2021-07-31
    Oi
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  • catzilla
    ·2021-07-31
    Ok
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  • Adamgoh
    ·2021-07-31
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    • catzilla
      Yesss
      2021-07-31
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  • chiin
    ·2021-07-30
    Ooo
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    • AntX1
      Hmm
      2021-07-31
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    • SiewWeng
      000
      2021-07-30
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    • AshleyKinson
      ooo?
      2021-07-30
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  • AshleyKinson
    ·2021-07-30
    Ok
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    • chiin
      Nice
      2021-07-30
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  • KSVP
    ·2021-07-30
    Hi
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  • KSVP
    ·2021-07-30
    Hi
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