Feb 04, 2021
Daimler AG announced this week it will split its commercial vehicle business from its luxury car operation later this year, listing the former as a second unit and renaming the latter as Mercedes-Benz.
The move has been
In a statement, Daimler AG said it is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. Additionally, the Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company.
The company says the listing of Daimler Truck on the Frankfurt stock exchange is expected to be complete before year-end 2021. The company s automotive business will rename itself as Mercedes-Benz at the appropriate time.
Daimler plant Konzern-Aufteilung in zwei Unternehmen
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Daimler spaltet sich auf - Lastwagen-Sparte an die Börse
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