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No sign of violations in Geely purchase of Daimler stake: Merkel

Published 02/27/2018, 08:11 AM
Updated 02/27/2018, 08:20 AM
© Reuters. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing

BERLIN (Reuters) - Germany is open towards its trading partners and at a first look, there are no obvious violations linked to Geely's (HK:0175) acquisition of a $9 billion stake in Daimler (DE:DAIGn), Chancellor Angela Merkel said on Tuesday.

"We are open to our trading partners and at a first look there are no violations in this regard," she told reporters.

She added that there were questions about possible holes in transparency around disclosure requirements but that was a matter for BaFin financial sector regulator.

"Our aim is to keep a sustainable car industry in Germany - that is our political, strategic aim."

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