While Daimler's public position appears to deny any plans to seek a large investor, sources close to Daimler CEO Dieter Zetsche have revealed to Focus magazine that the carmaker’s boss was in favor of hearing any proposals that may provide a buffer from private equity shareholders - especially considering the volatility of the share price and the lack of other large shareholders.
Currently, the nation of Kuwait is Daimler's only major shareholder with 7.6% of the German company in its hands and plans to increase this figure.
While the ADIA is wholly state-owned, it’s not the only investment company being run by the Abu Dhabi government. There’s also the state-owned Mubadala Development Corp., which has a 5% stake in Ferrari and a 17% stake in Dutch sports car manufacturer Spyker.
Reader Comments
Sun Aug 10 2008 12:01 PM
rnsaza says
SUPER! Now they can promote gas guzzlers and make profits both sides of the coin!
Sun Aug 10 2008 1:22 PM
Gus says
The smart oil-rich countries out there realize that someday, maybe soon, there will be an invention that almost eliminates the need for oil. Be it fusion, a battery pack that can be charged in 5 minutes, whatever. If that were to happen, those countries realize that they had better be divested, or die...
Mon Aug 11 2008 8:56 AM
YCL says
...Because, you know, some sheikhs were sitting around, shooting the shit, and one was like, “My new Benz, it is beautiful.â€
Mon Aug 11 2008 1:44 PM
Gus says
:)
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