Li Shufu
The Geely founder is a major shareholder at Daimler.
(Photo: obs)
Dusseldorf / Frankfurt Negotiations on large deals are often sealed only in the early morning hours. That was the beginning of the Chinese automaker Geely at Daimler not otherwise. By the evening of February 22, the negotiations were well advanced. There left Geely founder and chief Li Shufu Align the investment bankers that he agrees with the proposed deal in principle. The parties then clarified the final details and then signed on February 23, the contracts. Subsequently reported Daimler its new major shareholder via ad hoc announcement. Li holds 9.69 percent.
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