Mercedes-Benz' Parent Company Sells Tata Motors Stake
Daimler AG, the company that owns Mercedes-Benz, today sold its entire 5.34% stake in India's Tata Motors ending a relationship that stretches back more than five decades.
The German firm said that the sale of 25.6 million shares will generate approximately €300 million (US$401 million) of cash and earnings before interest and taxes, with around €265 million (US$362 million) to be accounted for in the first quarter of 2010.
Mercedes-Benz' Parent Company Sells Tata Motors Stake
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