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Düsseldorf / Stuttgart (dpa) - According to a press report, the car company Daimler is preparing the IPO of its truck division.
Group boss Ola Källenius is aiming to separate the division at the end of 2021 or - more likely - in 2022, reported the “Handelsblatt”, citing corporate and financial circles.
A partial sale to a financial investor is also conceivable.
A Daimler spokesman declined to comment on Wednesday: "We do not comment on speculation."
According to the report, Daimler is relying on the 61-year-old division head Martin Daum to implement the plans.
Its contract will expire in early 2022, but will soon be extended by at least three years, the newspaper reported, citing corporate circles.
The German Press Agency has been confirmed by industry circles to consider a contract extension.
Daum do a good job.
Daimler did not want to comment on this either.
After Daum had already restructured Daimler's US commercial vehicle subsidiaries Freightliner and Western Star, he should repeat this in the European business with the main brand Mercedes-Benz Trucks, according to "Handelsblatt".
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Most recently, the Corona crisis made it difficult for Daimler in the business.
In 2019, Daimler had an annual turnover of almost 45 billion euros with trucks and buses.
However, in the first nine months of the current year, sales and sales plummeted.
The operating profit even dropped by 99 percent to 32 million euros.
Daimler and Daum could now hope that freight forwarders will order more trucks again after the Corona year.
If there are initial successes in reducing costs, a partial IPO would also be conceivable, writes the newspaper.
According to the report, Daimler boss Ola Källenius and CFO Harald Wilhelm are putting pressure on them.
The managers wanted to significantly increase the market capitalization of the car manufacturer from currently a good 60 billion euros in order to secure the independence of the group.