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Mercedes May Sell Daimler Truck Shares To Fund Equity Buyback; Spread Neutral

CONSUMER CYCLICALS
Mercedes headlines (MBG GY) implying company will sell down other stakes (incl. Daimler Truck (DTG GY) where it holds 35%, worth EUR10.5bn) to find buyback (announced this morning at EUR3bn). Likely not spread mover.
  • *MERCEDES CFO HARALD WILHELM SPOKE ON MEDIA CALL
  • *MERCEDES MAY SELL SHARES TO BOOST CASH FLOW FOR BUYBACKS
  • *MERCEDES MAY SELL DOWN DAIMLER TRUCK STAKE IN FUTURE, CFO SAYS

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