UK markets close in 5 hours 23 minutes
  • FTSE 100

    7,253.46
    +84.81 (+1.18%)
     
  • FTSE 250

    18,665.10
    +28.12 (+0.15%)
     
  • AIM

    880.13
    +4.92 (+0.56%)
     
  • GBP/EUR

    1.1608
    +0.0015 (+0.13%)
     
  • GBP/USD

    1.2128
    +0.0025 (+0.21%)
     
  • BTC-GBP

    15,990.97
    +214.02 (+1.36%)
     
  • CMC Crypto 200

    418.45
    -1.69 (-0.40%)
     
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • DOW

    31,097.26
    +321.86 (+1.05%)
     
  • CRUDE OIL

    108.18
    -0.25 (-0.23%)
     
  • GOLD FUTURES

    1,807.10
    +5.60 (+0.31%)
     
  • NIKKEI 225

    26,153.81
    +218.19 (+0.84%)
     
  • HANG SENG

    21,830.35
    -29.44 (-0.13%)
     
  • DAX

    12,878.13
    +65.10 (+0.51%)
     
  • CAC 40

    6,000.22
    +69.16 (+1.17%)
     

Mercedes-Benz CEO rules out possibility of Chinese blocking minority -Handelsblatt

·1-min read
FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference

BERLIN (Reuters) - Mercedes-Benz CEO Ola Kaellenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority, in an interview with German daily Handelsblatt on Wednesday.

"That is not the case. We have very good and strong relations with our investors," Kaellenius told the daily.

The two shareholders, Baic and Geely founder Eric Li, each hold 10% in the German carmaker, Handelsblatt said.

Winfried Kretschmann, the head of the German state where Mercedes-Benz is headquartered, Baden-Wuerttemberg, also dismissed the possibility of a takeover by Chinese investors.

"We would not allow that at all," Kretschmann told Handelsblatt in the joint interview with Kaellenius.

(Writing by Miranda Murray; Editing by Stephen Coates)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting