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Shareholders okay spinoff of Daimler Trucks​

Shareholders of Daimler AG, the parent company of Daimler Trucks North America, Mercedes-Benz and others, approved by an overwhelming margin Friday realignment of the company, which will include spinning off the company's truck and bus business.


A vote in favor of the measure was 99.90%, clearing the way for Daimler Truck Holding AG to become an independent company on the Frankfurt Stock Exchange. Two current members of the Daimler Supervisory Board, Marie Wieck and Joe Kaeser, will step down from their positions and join the Supervisory Board of Daimler Truck Holding AG.

• Extraordinary General Meeting votes for historic realignment
• First stock-exchange listing of Daimler Truck Holding AG planned by end of 2021
• Renaming of Daimler AG as Mercedes-Benz Group AG as of 1 February 2022
• Participation: 56.45% of capital stock represented

Stuttgart (Germany) – At the virtual Extraordinary General Meeting of Daimler AG (ticker symbol DAI) on 1 October 2021, the shareholders decided by an overwhelming majority on the historic realignment of the company. The spin-off of the truck and bus business and the subsequent listing of Daimler Truck Holding AG as an independent company on the Frankfurt Stock Exchange were approved by 99.90% of the capital stock represented for the resolution.

Furthermore, the shareholders approved also with an overwhelming majority of 99.89% of the votes cast the renaming of Daimler AG as Mercedes-Benz Group AG effective as of 1 February 2022. The new name emphasises the future focus on cars and vans of the brands Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ. The two measures must now be entered in the Commercial Register. Both companies can then create decisive value added for all stakeholders.

Two current members of the Daimler Supervisory Board, Marie Wieck and Joe Kaeser, will step down from their positions and join the Supervisory Board of Daimler Truck Holding AG. As their successors in the Supervisory Board of Daimler AG, the shareholders elected Helene Svahn with a majority of 99.34% and Olaf Koch with a majority of 98.60%. Around 3,000 viewers followed the virtual Extraordinary General Meeting on the Internet. A total of 56.45% of the share capital was represented.