China's Geely buys $9 billion Daimler stake

WION China Feb 26, 2018, 07:27 AM(IST)
Chinese carmaker Geely has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman. After this purchase Geely, China’s largest privately-owned automaker, is now the biggest shareholder in Germany’s Daimler.
 
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