July 23, 2019 / 6:22 AM / 2 months ago

China's BAIC buys 5% Daimler stake; Daimler welcomes investment

FRANKFURT, July 23 (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in Germany’s Daimler.

Daimler said that it welcomed the investment.

Reporting by Tom Sims Editing by Thomas Seythal

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