Daimler AG is planning an initial public offering (IPO) of Daimler Trucks in late 2021, the German newspaper Handelsblatt reported Tuesday. Stuttgart-based Daimler AG is the parent company of Daimler Trucks and Mercedes-Benz autos.
The newspaper said Daimler wanted to unlock the value of the truck unit. Daimler is a world market share leader in on-highway heavy- and medium-duty trucks. Its brands include Freightliner, Western Star, Fuso and Mercedes-Benz Trucks.
Mercedes-Benz has been under...
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