Daimler has asked Goldman Sachs to help it explore increasing its stake in Chine...
HONG KONG - Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said.
Daimler’s rival BMW became the first to take advantage of the changes when it agreed in October to buy control of its venture with Brilliance China Automotive Holdings Ltd for 3.6 billion euros . Daimler’s discussions with BAIC are at an early stage and its plan to increase the stake in BAIC’s Hong Kong-listed entity has not been finalised and could change later, cautioned the people, who declined to be identified as the information is confidential.
It is not clear whether Daimler would seek a majority stake in BAIC, which has a current market capitalisation of $4.9 billion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Goldman Sachs raises chances of no-deal Brexit after UK PM's late reprieveGoldman Sachs on Friday lowered its expectations of UK Prime Minister Theresa Ma...
Lire la suite »
Plant protein startups vie to tap China’s hungry marketStart-ups specializing in alternative protein, from eggless eggs to pea-stuffed ...
Lire la suite »
China's GoPro rival plans IPO in 2020 after raising fresh round of fundingInsta360 sells cameras that are able to film 360-degree video. The company raised $30 million and its CEO, JK Liu, told CNBC that it is now looking ahead to an initial public offering in 2020.
Lire la suite »
Trump wants China to raise its offer to buy US goods, sources sayU.S. officials seeking a China trade deal are focused on long-term changes to that nation's economy. But President Trump wants to reduce the trade deficit and wants China to purchase more goods, according to two people briefed on discussions.
Lire la suite »
BMW-Daimler: a more logical German M&A championBerlin wants a merger of Deutsche Bank and Commerzbank to protect two flagship companies. Its second- and third-biggest carmakers would be a better pair, and might actually strengthen each other. The risk is that shareholders and policymakers only realise when it’s too late.
Lire la suite »
Exxon's talks to tap Algeria shale gas falter due to unrest -sourcesTalks between Exxon Mobil and Algeria to develop a natural gas field in the Nort...
Lire la suite »
Library of Congress taps Ritchie Valens’ ‘La Bamba,’ Nina Simone’s ‘Mississippi Goddam’ for preservationThe latest slate of recordings chosen by the Library of Congress for special preservation includes Ritchie Valens’ 1958 hit “La Bamba,” the 1969 original cast recording of “Hair” and Nina Simone’s 1964 civil rights protest song “Mississippi Goddam.”
Lire la suite »
Trump taps former Delta pilot to lead FAA amid turmoilBreaking: Trump will nominate former airline pilot Steve Dickson to be administrator of the FAA, a move that comes amid a major crisis for the agency following the fatal crashes of two Boeing 737 MAX passenger jets in Indonesia and Ethiopia
Lire la suite »
BodyArmor Taps March Madness In Quest To Topple GatoradeSports drink BodyArmor is the official sports drink of the NCAA Men's Basketball Tournament. The brand, with backing from major investors Coca-Cola and Kobe Bryant, doubled sales last year and is taking aim at Gatorade.
Lire la suite »