Daimler prepares stock listing of truck unit, paper says

Daimler prepares stock listing of truck unit, paper says

FRANKFURT — Daimler is making ready a inventory market itemizing of its vehicles division, German enterprise newspaper Handelsblatt reported, citing firm sources.

The unit might be floated on the finish of 2021, the sources mentioned, including that division head Martin Daum is prone to get an early extension of his contract by three years as a part of the plans.

Hypothesis of a vehicles itemizing has flared up commonly ever since Daimler initiated steps to type impartial subsidiaries below its roof, finally making it simpler to spin them off and record them within the medium-term.

“The potential for such a transfer was already identified,” an area dealer mentioned, including that whereas the information was optimistic for shares, an inventory of the division on the finish of subsequent 12 months was nonetheless a protracted method to go.

A Daimler spokesman declined to remark.

A attainable itemizing of Daimler’s truck division would come after rival Volkswagen Group final 12 months floated its Traton vehicles unit to place the enterprise on an impartial footing

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