Daimler in the spotlight on the Frankfurt Stock Exchange where it rose to a nine-month high after press leaks from China according to which a sovereign wealth fund of the Asian giant would be willing to buy a stake in the German truck and luxury car manufacturer.
According to the auto sector information channel of the Chinese newspaper People's Daily website, the China Investment Corp would be interested in acquiring a stake of between 4 and 10%. The article does not cite sources; no comment from CIC. A person familiar with the situation told Reuters the report was baseless.
Daimler spokesperson Silke Walters did not comment on the leak but said: "In general we are always happy about any new investor because a balanced shareholding is in Daimler's best interest." Around 11 am, the stock rose by 0,9% to 43 euros after rising to 43,64 euros in the morning, the highest since last April. The DAX index is down 0,4%.
