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D-Day Royal Dutch Shell?

Reuters

Daimler Truck shares climb on Frankfurt market debut

Daimler Truck reached a valuation of 24.6 billion euros ($27.83 billion) by the market close on its first day of trading on Friday, leaving Daimler shareholders better off as a result of the long-awaited listing. The truck and bus maker, the world’s largest by revenue, saw its shares climb only slightly from the opening price of 28 euros over the course of the day, with Daimler’s share price, adjusted for the spin-off, rising 2.87% to 74.25 euros. The split was announced in February and pitched by the two companies as an opportunity to unlock value in both Daimler Truck and the owner of Mercedes-Benz passenger cars and vans.

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