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Daimler to keep trucks division stake after spin-off for at least 12 months -paper

BERLIN, Aug 12 (Reuters) - Daimler must hold a 35% stake in its truck division after the planned spin-off for at least twelve months, Handelsblatt business daily said on Thursday.

An agreed time frame not to sell the stake without agreement of the new Daimler Truck company for three years can be shortened to 12 months if the Daimler board deems it necessary for economic and strategic reasons, the paper said.

Reporting by Caroline Copley, Kirsti Knolle, editing by Madeline Chambers

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