Li Shufu-owned Geely Group becomes largest shareholder in Daimler AG

Neither the Geely Group nor any other company in the Zheijang Geely Holding Group intend to acquire additional shares. Li Shufu plans to fully abide by the company charter and governance structure of Daimler AG.

24 Feb 2018 | 7573 Views | By Autocar Pro News Desk

Geely Group, a  company owned by entrepreneur Li Shufu and managed by Zheijang Geely Holding Group, has acquired a 9.7 percent stake in Daimler AG, through open market purchases of shares. This makes it the largest stakeholder in the German automaker, followed by Renault Nissan. The company made regulatory disclosures after ...

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