Daimler wants to bring the truck division to the stock exchange

Daimler wants to bring the truck division to the stock exchange

According to a media report, Daimler is preparing the IPO of its truck business. As early as the end of 2021, Daimler Trucks could be separated from the rest of the car company and go public, reports the "Handelsblatt", citing corporate and financial circles. The step is more likely in 2022. Daimler declined to comment. "We generally do not comment on media speculations," said a spokesman. With a premium of 2.6 percent, Daimler shares were at the top of the Dax winners. However, the possibility that this step would come was known, said a trader. The newspaper also reported that nothing was fixed, but the simulation games in Stuttgart would be more concrete. The question is no longer whether the truck and bus business will be listed, but only when. As an alternative to a partial IPO, internal discussions are also taking place of selling a larger portion of the division to a financial investor as a first step. For these plans, truck boss Martin Daum's contract, which expires in early 2022, is likely to be extended by at least three years in the near future. Volkswagen floated its truck subsidiary Traton with the MAN and Scania brands on the stock exchange last year. The entire commercial vehicle industry is struggling with the Corona crisis, which hit cyclical business in a downward trend that was already beginning.