Daimler would welcome having Chinese investors as shareholders, says CFO

Article by Christian Andrei, on August 29, 2010

Daimler AG's chief financial officer said that the company is open to having Chinese investors as shareholders and also that it will remain as a major owner of aerospace giant EADS.

In an interview with Boersen-Zeitung last Saturday, Bodo Uebber said that Daimler is positioned strategically in China since it has its joint ventures in the country that produces vans, trucks and passenger cars.

Uebber said that it would be better if Chinese shareholders would later be represented in the shareholder structure. He said that he would suggest that this issue be "tackled in the long term."

However, he doesn't expect in the foreseeable future for the company to have shareholders from either Kuwait or Abu Dhabi.

The state-owned Kuwait Investment Authority has a 6.9% stake in Daimler while 9.08% is owned by Abu Dhabi's Semare Beteiligungsverwaltungs GmbH.

Uebber said that Daimler anticipates selling over 100,000 vehicles in China this year, compared to the 70,000 units sold last year.

According to a prerelease of a different interview with newspaper Welt am Sonntag, Uebber said that Daimler will continue to be a major shareholder in EADS even as it faces financial burdens stemming from the aerospace group.

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