--Daimler, the maker of Mercedes-Benz cars, is seeking to buy a majority stake in its Chinese operations, Reuters reports, citing people familiar with the matter.

--Daimler has been exploring several options to increase its control over the business, including raising its stake in Beijing Benz Automotive Co, its Chinese joint venture with BAIC, to 75% from 49%, according to the report.

Full story: https://reut.rs/2rTnbUI

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(END) Dow Jones Newswires

December 17, 2019 04:58 ET (09:58 GMT)

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