It appears Geely is set to acquire a stake in Mercedes-Benz parent company Daimler, just a few weeks after the Chinese company had its bid to acquire a 5% stake in the company rejected. This is according to report by Gasgoo, which stated the deal is expected to be announced soon.
The owner of Volvo and holder of a substantial stake in Proton was never coy in its intention to acquire a piece of Daimler. While the German company did not accept the Geely’s offer to buy a stake at a reduced rate, it told the Chinese firm that it could acquire shares via the secondary market at market prices.
That’s exactly what the Chinese company has reportedly done, and with its 5%, it is set to be the third largest single shareholder of Daimler after the Kuwait Investment Authority (6.8%) and BlackRock (6%). As of December 31, 2017, 71.2% of Daimler is owned by institutional investors, 18.9% by private investors, 6.8% by Kuwait Investment Authority and 3.1% by the Renault-Nissan Alliance.
Daimler already has partnerships with BYD and BAIC in China, including in electric vehicles. It has been implied that Geely’s aggressive expansion will provide it access to Daimler’s EV battery technology, as it wants to start an EV joint venture in Wuhan.
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To those haters: HAHAHAHAHA!
China now comes saving Mesidis & sausage as well.
P1, Mesidis, Geely, VolvoCar, VolvoTruck, Lotus > all.
Please don’t syiok sendiri. Mercedes is cash rich. Read carefully and see, Mercedes don’t need any bailout and initially rejected Geely’s offer.
Try to differentiate between bailout and investment abang.
So, how does Geely save Mercedes? Cannot understand your logic.
Wait, that was the same story with P1 too!
So ahbeng here got trapped in his own twisted wordplay again. Basher oh basher!
Hahahahah my Exora RV up by 20%.
TQ Geely Benz!
Hahahaha! Meanwhile toyota RV go straight down the drain thanks to Airbaggate & Steelgate.
Haha btc la you John – 5% acquisition is nothing. Likely as a strategic and patent rights only.
P1 and Volvo were more than 50% – making Geely the majority shareholder and managing voard members of those companies.
Then again, i think its a waste to share such knowledge on shallow minds like yours haha.
Hahaha! Yeah, thats how it oso started with VolvoCar. And look, all it takes is for Geely to buy another 2% of shares and it will be majority single shareholder.
Then again, i think its a waste to share such knowledge on shallow minds like yours haha.
Haters’ tears so salty and delish HAHAHAHAHA. Buy Merc now = give money to Bao Teng, Volvo.
Geely > all!
Fist bump, bro!
P1, Mesidis, Geely, VolvoCar, VolvoTruck, Lotus will rule them all. Toyota is down at 3rd, looks like easy pickings.
Fist bump!
What a day, what a lovely day!
See Daimler financial results for 2017. They dony need Geely’s money…
daimler-ir-factsheet-fy-2017.pdf
So why don’t they allow Geely buy at a discount, instead ask Geely to buy at market rate?
They need the money lor. Else, they should gladly take the initial offer, a few cents discount is worth the billions being offered lump sum upfront.
They know Geely is stubborn, they know if Geely would still buy their shares anyway, why not squeeze more from these Chinese then?
Oh now not only Proton related to Volvo but related to Daimler, Mercedes as well.
P1, Mesidis, Geely, VolvoCar, VolvoTruck, Lotus > all
Oooo…. That’s like growing with steroid
Gongxi Geely China. Not bad at all for a fridge parts maker.
I hope the fanboys don’t come here and syiok sendiri saying now Proton will get Mercedes technology.
Hello abang, buying shares is buying shares lah. It is like you going to buy TNB shares and telling people you will get special more powerful electric for your house.
So to the fanboys who come here and say Proton and Mercedes are one company, please dream on
Sendri dreaming but call other pipu dreaming. Wake up lah! Ur jepunis brand is alredi 3rd place from 1st in 3 years.
Basher oh basher!
Untuk anak cucu. Sendri simpan sikit bod…
Sendri tau, sendri simpan baik baik tu ye.
Haha – you again ah John? Gotta call you shallow john from now on.
Not bad la, i got some shares in Astro and Maybank, so call me daddy (shallow john’s logic)
According to his logic, if you got shares in Astro, you will get Astro FULL package for 80% discount
Pay only RM30 for 200 channels.
According to ur logic, how daheck does ur excel calculate CHR SGD130k as SGD65k?
Hahaha! Only those who cant argue with substance resort to calling names. Try better yeah!
Very Well Done Geely
Merc don’t even want to sell to Geely…they told Geely you want go buy at the stock market…
What Mesidis means, they dun have a single large shareholder for Geely to buy from. So meaning is not like Mesidis dun wanna sell, but they cant.
Now all it takes is for another 2% to become major single shareholder. Makan a few more minority shareholders, then it makes life easier.
@John
what the heck is wrong with you? you want Mercedes to be made by Chinese? the reason why is appreciated and respected worldwide because is German Made? read it again. German! their hands built the car and export it globally. if this happens I rather buy a local car than investing my money in a German brand only to know is made by Chinese.
Joke’s on you, Mercedes do have a plant in Beijing, and in 2016, it had rolled out 1,000,000th car from that plant.
Proton don’t have plant in China. So will you buy Proton then? You hypocrite!
The plant in China is for the Chinese market only. None of the cars we buy are from there. Even our CKD kits are from Germany
Chinese market or no, it’s still Merc right? U mean Merc there no good compare other part of the world?