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| Name | Symbol | Market | Type |
|---|---|---|---|
| Mercedes Benz Group AG (PK) | USOTC:DMLRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.32 | 14.00 | 14.45 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Nathan Allen
Daimler AG (DAI.XE) said Monday that its Mercedes-Benz brand has signed a preliminary agreement with Egypt's government to set up a vehicle-assembly plant in the country.
Mercedes-Benz will operate the plant with a local partner, the company said.
"In view of the long-term market potential, further investments are also conceivable," the company said, suggesting an expanded dealer network or a logistics hub as potential developments.
Mercedes-Benz didn't provide details on the timeline of its planned investment.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
June 24, 2019 09:19 ET (13:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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