February 23, 2018 / 5:31 PM / 3 months ago

Geely chief amasses $9 bln stake in Germany's Daimler

FRANKFURT, Feb 23 (Reuters) - Li Shufu, the chairman and main owner of Chinese carmaker Geely, has amassed a stake of 9.69 percent in Daimler AG, the German carmaker said in a regulatory filing on Friday.

The stake, worth nearly $9 billion at the current market price for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans headquartered in the German city of Stuttgart. (Reporting by Douglas Busvine, editing by David Evans)

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