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DIC, DaimlerChrysler sale
- United Arab Emirates: Tuesday, March 20 - 2007 at 09:04
Dubai International Capital has offloaded some of its holding in DaimlerChrysler to benefit from higher share prices, reported Reuters. The carmaker's shares have lifted by 21% since November when DIC's CEO Sameer Al Ansari suggested a sale was likely. A DIC spokesperson admitted the sell-off had taken place recently but gave no further details; as of yesterday, the shares were 72.5% higher than when DIC bought them in January 2005.
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Jonathan Sheikh-Miller, Deputy EditorTuesday, March 20 - 2007 at 09:04 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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