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todayonline - 9 days ago

Geely cuts its Daimler stake by more than half: Bloomberg

Chinese billionaire Li Shufu s Geely Group cut its 9.7 percent stake in carmaker Daimler AG lt;DAIGn.DE gt; by more than half, Bloomberg reported on Friday, citing people familiar with the matter. Li had taken a 9.69 percent stake in Daimler in 2018. Daimler declined to comment on the report. REUTERS

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