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

By  |  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.

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    “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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