No sign of violations in Geely purchase of Daimler stake: Merkel

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BERLIN (Reuters) – Germany is open towards its trading partners and at a first look, there are no obvious violations linked to Geely’s (0175.HK) acquisition of a $9 billion stake in Daimler (DAIGn.DE), Chancellor Angela Merkel said on Tuesday. “We are open to our trading partners and at a first look there are no violations in this regard,” she told reporters. She added that there were questions about possible holes in transparency around disclosure requirements but that was a matter for BaFin financial sector regulator. “Our aim is to keep a sustainable car industry in Germany – that is our political, strategic aim.” Reporting by Madeline Chambers; Editing by Thomas EscrittOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters