February 28, 2018 / 5:27 PM / 3 months ago

Daimler welcomes Geely as new shareholder

DUESSELDORF, Feb 28 (Reuters) - Daimler welcomes a large shareholder like Geely , 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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