Swedish fund invests in Daimler

The Swedish investment fund Cevian Capital is buying shares in the German car maker Daimler, a press report said on Tuesday.

The Sueddeutsche Zeitung quoted an unidentified fund manager as saying that Cevian, which also owns stock in the Swedish group Volvo, had bought packets of Daimler shares.

Cevian declined to comment, the newspaper said.

On Monday, Daimler shares shot up on rumours that a hedge fund was interested in the company.

The shares have fallen by 42 percent in the past year, making Daimler’s stock attractive to investors.


QUIZ: How well do you know German history?

Germany as a nation is less than 200-years-old, but the history of these lands stretches back far, far further. Test your knowledge with our latest quiz.

A view of Burg Eltz in Rhineland-Palatinate.
A view of Burg Eltz in Rhineland-Palatinate. Photo: Pexels

See how much you know about the people, places and ideas that shaped the history of what would become Germany. Once you’re done, compare your results with friends and family. 

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