Investing.com - Financial Markets Worldwide

No results matched your search

Technology54 minutes ago (Feb 03, 2021 10:21AM ET)

 Daimler AG sign is pictured at the IAA truck show in Hanover© Reuters. FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover

BERLIN (Reuters) - Daimler (OTC:) said on Wednesday it had decided to evaluate a spin-off of its truck and bus business and begin preparations for a separate listing of Daimler Truck.

"As a result of the spin-off, a significant majority stake in the Daimler Truck business would be distributed to Daimler AG (DE:)'s shareholders allowing for a deconsolidation," Daimler said in a statement.

"A spin-off would require the approval of an extraordinary shareholders' meeting of Daimler AG, which could be held at the end of Q3 2021," it added. "In this case, the transaction and the listing of Daimler Truck at the Frankfurt stock exchange are planned to be completed before year-end 2021."

Related Articles

Chip crunch to impact global auto production into third quarter, says IHS

Chip crunch to impact global auto production into third quarter, says IHS By Reuters - Feb 03, 2021

(Reuters) - A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said on Wednesday, warning that the...

TikTok agrees to block users in Italy who say they are under 13 after girl dies

TikTok agrees to block users in Italy who say they are under 13 after girl dies By Reuters - Feb 03, 2021 1

By Elvira Pollina MILAN (Reuters) - The popular video app TikTok said on Wednesday it had agreed with Italian authorities to block all users who gave their age as under 13, among...

Tiktok strengthens content review with new pre-share prompts

Tiktok strengthens content review with new pre-share prompts By Reuters - Feb 03, 2021

(Reuters) - TikTok will flag unverified content to users before they share it, the video-sharing app said on Wednesday, the latest effort to combat misinformation on its platform....

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.