Wednesday 16 January 2019
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China s Geely denies Bloomberg report, says has not sold shares in Daimler

BEIJING/SHANGHAI - Zhejiang Geely Holding Group said on Friday that the company has not sold any shares in German carmaker Daimler AG lt;DAIGn.DE gt;, denying a Bloomberg report which said the Chinese firm had cut its 9.7 percent stake by more than half. As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged, a Hangzhou-based spokesman for Geely told Reuters. Bloomberg reported https://bloom.bg/2ChAz68 that Chinese billionaire Li Shufu s Geely had cut its Daimler stake on Friday, citing people familiar with the matter. REUTERS

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