China's BAIC Group is said to mull acquisition of up to 5% stake in Daimler

China's BAIC Group is said to mull acquisition of up to 5% stake in Daimler

Photo: BAIC BJEV website

China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters.

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