
Chinese Geely acquires 9.69% of Daimler Holding’s shares
Chinese billionaire Li Shufu, owner of Zhejiang Geely Holding Group, said the group has become the largest shareholder in Daimler AG, the German owner of Mercedes-Benz, after it acquired 9.69% of its shares for an amount estimated to be $9bn, beating the shares of the Kuwaiti government in Daimler, which were estimated to be 6.8%. …