February 28, 2018 / 5:34 PM / 18 days ago

Daimler welcomes Geely as new shareholder

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.

FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle/Files

“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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