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Reuters
Reuters
Business

Daimler welcomes Geely as new shareholder

FILE PHOTO: A Mercedes Benz logo is pictured at a customer center at the Mercedes Benz factory in Sindelfingen, Germany, January 24, 2018. REUTERS/Ralph Orlowski /File Photo

DUESSELDORF (Reuters) - Daimler <DAIGn.DE> welcomes a large shareholder like Geely <0175.HK> [GEELY.UL], the German carmaker's China chief Hubertus Troskasaid on Wednesday.

"We see this as positive," Troska said at a conference.

Chinese carmaker Geely on Friday revealed it had built up an almost 10 percent stake in Daimler in an attempt to force an industrial alliance to access the Mercedes-Benz electric cars technology.

Troska also said that stake was purchased on the open market and that chief Li Shufu was considered a visionary entrepreneur at Daimler.

(Reporting by Matthias Inverardi; Writing by Edward Taylor and Tom Sims; Editing by Susan Fenton)

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