In July 2021, the German automotive company Daimler already announced a spin-off of its truck and bus business and the subsequent listing of Daimler Truck Holding as an independent company on the Frankfurt Stock Exchange. On October 1st 2021, the shareholders now approved the spin-off by 99.90% of the capital stock represented for the resolution.
After the spin-off of Daimler Truck by the end of 2021, the shareholders of Daimler AG will hold a 65% stake in the new Daimler Truck Holding AG, which will then be listed on the stock exchange as an independent company. Daimler shareholders are to receive one additional share in Daimler Truck Holding AG for every two shares they hold in Daimler AG. Daimler will retain a minority interest of 35% in Daimler Truck Holding AG and intends to transfer 5% to Daimler Pension Trust e.V., a registered association according to German law.