February 27, 2018 / 1:13 PM / 22 days ago

No sign of violations in Geely purchase of Daimler stake: Merkel

BERLIN (Reuters) - Germany is open towards its trading partners and at a first look, there are no obvious violations linked to Geely’s (0175.HK) acquisition of a $9 billion stake in Daimler (DAIGn.DE), Chancellor Angela Merkel said on Tuesday.

FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim Kyung-Hoon/Files

“We are open to our trading partners and at a first look there are no violations in this regard,” she told reporters.

    She added that there were questions about possible holes in transparency around disclosure requirements but that was a matter for BaFin financial sector regulator.

    “Our aim is to keep a sustainable car industry in Germany - that is our political, strategic aim.”

    Reporting by Madeline Chambers; Editing by Thomas Escritt

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below