Institutional investors are calling for the truck division of Daimler to be spun off.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the Handelsblatt newspaper, Germany’s largest investment fund, DWS, and SEB Asset Management are making the demands. They own less than three percent of the shares in the company.
Daimler would not comment on the article, said dpa. A spokesperson said that new investors are welcomed by Daimler but that the company is not considering separating off the Truck Group.
Thomas Körfgen, managing director of SEB Asset Management, said that splitting off the turck division would make the value of the individual divisions more transparent. “In the current market environment it is clearly difficult to achieve an adequate price for the truck division,” he said.
According to other German media reports, the Swedish financial investor, Cevian Capital, has bought shares in Daimler with the aim of separating off the truck division and selling it off. The largest shareholder in Daimler at the moment is Kuwait, which has a share of 7.6% in the company.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
