February 27, 2018 / 1:07 PM / a year ago

Merkel: no sign of violations in Geely purchase of Daimler stake

BERLIN, Feb 27 (Reuters) - Germany is open towards its trading partners and at a first look, there are no obvious violations linked to Geely's acquisition of a $9 billion stake in Daimler, Chancellor Angela Merkel said on Tuesday.

"We are open to our trading partners and at a first look there are no violations in this regard," she told reporters.

She added that there were questions about possible holes in transparency around disclosure requirements but that was a matter for BaFin financial sector regulator.

"Our aim is to keep a sustainable car industry in Germany - that is our political, strategic aim." (Reporting by Madeline Chambers Editing by Thomas Escritt)

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