Daimler Truck is spun off from Daimler and becomes one of the largest listed companies in Germany.
(Photo: Bloomberg)
Frankfurt, Munich The parts are worth more than the whole. Under this motto, Daimler is splitting off its truck division and listing it on the stock exchange. This breaks up one of the largest industrial conglomerates in Germany. Daimler Truck for heavy buses and articulated lorries will become independent, in addition, Daimler will operate as a manufacturer of luxury cars and vans as the Mercedes-Benz Group from February 2022.
But how do investors get hold of the shares? Why do you initially only record in the Dax for one day? What are the opportunities and risks of the Daimler Truck share? The Handelsblatt answers the most important questions about the spin-off.
Who will get the Daimler Truck share?
All Daimler shareholders will be automatically booked one Daimler Truck share with ISIN DE000TR0CK8 in their depot on Friday for every two Daimler shares. Accordingly, the Daimler share is likely to trade at a discount on this day, after all, the group’s assets will be reduced by the Daimler truck activities.
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