XTRA:MBGAuto
Bank Of America Stake Shift Puts Mercedes-Benz Valuation In Focus
Bank of America Corporation has disclosed that its total voting rights in Mercedes-Benz Group AG have risen above the 5% threshold.
The crossing of this regulatory threshold was reported under European securities rules and marks a material change in a major financial institution’s position.
For you as an investor looking at XTRA:MBG, this stake change comes against a mixed share price record. The stock is at €55.76, with a 1 year return of 4.8% and a 5 year return of 28.9%, while the year...