New Issue: Daimler plans €1.95 billion private placement of shares

By Devika Patel

Knoxville, Tenn., March 23 - Daimler AG announced a €1.95 billion private placement of stock.

The company will sell 96,408,000 shares at €20.27 apiece to Aabar Investments PJSC.

Proceeds will further improve Daimler's sound financial position.

Based in Stuttgart, Germany, Daimler develops, manufactures, distributes and sells a wide range of automotive products, mainly passenger cars, trucks, vans and buses.

Issuer:	Daimler AG
Issue:	Shares
Amount:	€1,954,190,160
Shares:	96,408,000
Price:	€20.27
Warrants:	No
Investor:	Aabar Investments PJSC
Pricing date:	March 23
Stock symbol:	NYSE: DAI
Stock price:	$28.45 at close March 20
Market capitalization:	$27.4 billion

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