Swedish investor Cevian Capital buys shares in Daimler
Tuesday, August 5, 2008 : PermalinkForbes – Swedish investor Cevian Capital is acquiring shares in Daimler AG in an apparent effort to become a significant shareholder in the German carmaker, Sueddeutsche Zeitung said, citing an unnamed hedge funds manager source.
It said financial sources consider it plausible that Cevian Capital could become a Daimler shareholder, adding the former already has a stake in Swedish truck maker Volvo.
It said Cevian acquired in Dec. 2007 a stake of nearly 3 percent in German insurer Muenchener Rueckversicherungs AG, one of the 30 blue chips on Frankfurt’s DAX30 index.
Tags: asset-management, awards-event, citigroup, consequences, contention, first-avenue, market-sentiment, shareholder-structure
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