Shareholders green light Daimler Trucks separation

An amazing normal meeting these days observed Daimler AG set training course for a historic realignment of the organization.

The planned spin-off of Daimler Truck by the close of 2021 will see Daimler Truck Keeping mentioned on the Frankfurt Stock Trade.

Shareholders also authorised the renaming of Daimler as Mercedes-Benz Team from 1 February 2022, emphasizing the upcoming aim on the automobile and van company.

Daimler chairman Bernd Pischetsrieder claimed: “Our organization is producing the correct selection at the correct time to sustainably safeguard achievements. Daimler Truck and Mercedes-Benz will be able to grasp the transformation of the industry even a lot more properly with total entrepreneurial flexibility and an unbiased management construction. By spinning off the business vehicle company, we purpose to generate benefit for our shareholders, improve our profitability and thoroughly exploit our probable.”

As a final result of the realignment of Daimler AG and the planned spin-off of Daimler Truck, shareholders will hold a 65% stake in the new Daimler Truck Keeping which will then be mentioned on the inventory trade as an unbiased organization.

Daimler shareholders are to get a single added share in Daimler Truck Keeping for every two shares they hold in Daimler.

Daimler will retain a minority desire of 35% in Daimler Truck Keeping and ideas to transfer 5% to Daimler Pension Believe in.