China’s BAIC seeks to buy 5 percent Daimler stake -sources

• German takeover rules allow a buyer to acquire a stake of up to 3 percent before a regulatory disclosure is required.
• Daimler has ruled out issuing new stock to help an outside party build a stake, forcing potential buyers to acquire shares on the market.
• BAIC signalled its interest in buying a Daimler stake as far back as 2015, and has redoubled its effort after Li Shufu, chairman of rival Chinese carmaker Zhejiang Geely Holding Group built a 9.69 percent stake in Stuttgart-based Daimler in early 2018.

More sources

• Exclusive: China's BAIC seeks to buy 5 percent Daimler stake (Reuters: May 11, 2019 at 8:43 AM)
• China's BAIC seeks to buy 5 percent Daimler stake (CNBC: May 11, 2019 at 8:38 AM)
• Exclusive: China's BAIC Seeks to Buy 5 Percent Daimler Stake (New York Times: May 11, 2019 at 8:43 AM)

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