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Germany: Daimler CEO says there are no plans to pursue a merger or spin-off

 |  July 24, 2019

According to Reuters, Daimler has no plans to spin off its trucks division or to pursue a merger with BMW as a way to raise the company’s share price, Chief Executive Ola Kaellenius said on Wednesday, july 24.

“There are no plans to change the capital structure of Daimler,” Kaellenius told analysts on a call to discuss second-quarter results.

Kaellenius further said Daimler was not considering deeper ties with rival BMW which involved a cross shareholding or deal.

“There are no plans to combine with BMW in any way,” Kaellenius said.

Full Content: Reuters

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