Daimler may fetch up to $1.2 billion in showroom sale – Handelsblatt

Stock Markets30 minutes ago (Jun 07, 2021 04:35AM ET)

(C) Reuters. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke

FRANKFURT (Reuters) – Daimler (OTC:DDAIF) plans to significantly reduce the number of showrooms and service sites it owns in Europe in a deal that could fetch up to 1 billion euros ($1.2 billion), German business daily Handelsblatt reported, citing industry sources.

About 25 showrooms and service sites in Britain, Spain and Belgium with about 2,800 employees are up for sale, Handelsblatt said, citing Daimler.

($1 = 0.8223 euros)

Daimler may fetch up to $1.2 billion in showroom sale – Handelsblatt

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