Chinese investor takes a stake in Daimler, CFO says
A Chinese institutional investor has taken a stake in Daimler (DAIGn.DE), the car and truck maker's Chief Financial Officer told Frankfurter Allgemeine Zeitung (FAZ).
The stake is "notable" and marks the first time an institutional investor from China has invested in the maker of Mercedes-Benz vehicles, according to an advance copy of FAZ's Thursday edition.
A Daimler spokesman declined to specify who the investor was. In Germany, investors do not need to declare their holdings to the regulator unless a stake exceeds the three percent ownership threshold.
Daimler is also interested in issuing a bond in China, although for legal reasons this is not yet possible, Uebber told the German daily.
Daimler's chief financial officer further said the Stuttgart-based company will not buy Fiat's agricultural vehicles division.
In doing so Daimler appears to be ruling out a purchase of Fiat's (FIA.MI) Case New Holland (CNH.N) unit, although the FAZ report did not touch upon Daimler's current views about Fiat's commercial trucks division Iveco.
Daimler last week said it was not in talks with Fiat but has acknowledged it would study potential acquisition opportunities.
Daimler sees a dividend payout ratio of about 40 percent as realistic, Frankfurter Allgemeine Zeitung further said.
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