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Germany Weighs Tighter Rules After Geely Takes Daimler Stake

Mar 01, 2018 - The New York Times

Germany said on Wednesday that it would investigate tightening the rules that govern when an investor needed to disclose a holding in a company after China’s Geely purchased a $9 billion stake in Daimler, surprising the market.

Geely’s founder and main owner, Li Shufu, revealed on Friday that he had built up a 9.7 percent stake in Daimler, the owner of the Mercedes-Benz brand, without having previously disclosed that he had crossed regulatory thresholds of 3 percent and 5 percent.

The stake purchase has rekindled fears in Germany that its highly prized expertise could fall into Chinese hand...