"Significant majority" stake to current Daimler shareholders
Daimler to be renamed Mercedes-Benz
Financial service teams of Daimler Mobility to be allocated to the respective Cars & Vans and Truck & Bus business
Listing of Daimler Truck in Frankfurt planned for end 2021
Management board chairman Ola Kaellenius: "It represents the start of a profound reshaping of the company"
Daimler announced on Wednesday it plans separation into two "pure-play" companies and a majority listing of Daimler Truck to "accelerate into a zero- emissions and software-driven future".
The supervisory and management boards agreed to "evaluate" a spin-off of the Truck and Bus business and begin preparations for a separate listing of Daimler Truck with a "significant majority stake" in Truck distributed to Daimler shareholders.