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Time to say goodbye

5 April 2006 By Nina Koeppen

The German carmaker s decision to sell a 7.5% stake in the defence group doesn t go far enough. It is still stuck with a 22.5% stake. True, Daimler can t just dump the stock; defence is a political issue. But it should find a way to exit and cut the conglomerate discount. Only politics is preventing Daimler from exiting entirely. In the meantime, Daimler continues to suffer a conglomerate discount.

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