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. Last Updated: 07/27/2016

Daimler in No Rush to Raise Stake

STUTTGART, Germany — Daimler’s industry-leading trucks business is not in a rush to exercise an option to raise its 10 percent stake in KamAZ to a 25 percent plus one share blocking minority.

“This could happen in two months or two years,” Daimler Trucks chief Andreas Renschler said on Thursday in Stuttgart. “We are in no hurry.”

(Reuters)