Wednesday 23rd December 2020
Step supposedly planned for 2022
Daimler wants to bring the truck division to the stock exchange
The truck division of the Stuttgart car manufacturer Daimler could be separated from the parent company and floated on the stock exchange at the end of next year. This is reported by the "Handelsblatt" and refers to corporate groups. The question is no longer if, but only when.
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 do not comment on media speculation," said a spokesman.
With a premium of 2.6 percent, Daimler shares were at the top of the Dax winners. The possibility that this step would come was known, however, 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.
.