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New On The Block Mercedes-Benz Group AG plans to sell part of its 35% stake in Daimler Truck Holding AG to raise funds, with the stake valued at around €12 billion ($14.2 billion). Proceeds will be returned to shareholders, and details of the sale will be provided in May. Despite the cash infusion, Mercedes-Benz is bracing for a tough year. Margins will likely stay flat due to trade tensions and stiff competition in China. Baker Hughes Co. is considering selling its Waygate Technologies unit, which provides industrial testing and inspection equipment. The sale could be worth around $1.5 billion and…
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January 17, 2026
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March 14, 2025
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Source: theguardian.com