Daimler's Mercedes to Cash in Up to EUR1 Billion From Site Sales in Europe -Handelsblatt
07 Giugno 2021 - 5:10PM
Dow Jones News
--Daimler's chief executive Ola Kaellenius is considering the
sale of about 25 Mercedes car retailers and workshops in England,
Spain and Belgium to reduce fixed costs, German newspaper
Handelsblatt reports, citing unnamed sources.
--The company could raise from 30 million to 40 million euros
($36.5 million-$48.7 million) from each site, so the income
generated from the sale could reach EUR1 billion, the paper
reports.
--Daimler confirmed that it is examining the sale of the sites,
adding that a sale doesn't mean a closure of them, but declined to
comment on how much it would raise from the deals.
Full story: https://bit.ly/3fWdhIb
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June 07, 2021 11:06 ET (15:06 GMT)
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