Geely's Li Shufu Doesn't Want Supervisory Board Seat at Daimler -Bild Am Sonntag

02/28/18 09:52 AM EST

--Daimler AG's (DAI.XE) new major shareholder Li Shufu, the owner of Geely Automobile Holdings Ltd. (0175.HK), doesn't want a seat on the German car maker's supervisory board, he said in an interview with German weekly Bild am Sonntag.

--"I never asked for a supervisory board seat and for me this doesn't have priority at all," Mr. Li said.

--Mr. Li recently acquired a near 10% stake in Daimler, raising questions whether he would receive a seat on the car maker's board.


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(END) Dow Jones Newswires

February 28, 2018 09:52 ET (14:52 GMT)

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