Par value of Daimler-Benz share reduced considerably

  • Date
    22 May 1996
  • Description
    The Annual Shareholders' Meeting of Daimler-Benz AG votes to reduce the par value of the Daimler-Benz share from DM 50 to DM 5. The intention is to enhance the attractiveness of the share especially for private investors and reduce barriers to variable-price trading.