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Daimler may fetch up to $1.2 billion in showroom sale - Handelsblatt

Reuters
FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin,

FRANKFURT (Reuters) - Daimler plans to significantly reduce the number of showrooms and service sites it owns in Europe in a deal that could fetch up to 1 billion euros ($1.2 billion), German business daily Handelsblatt reported, citing industry sources.

About 25 showrooms and service sites in Britain, Spain and Belgium with about 2,800 employees are up for sale, Handelsblatt said, citing Daimler.

($1 = 0.8223 euros)

(Reporting by Christoph Steitz, editing by Thomas Escritt)