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Mercedes-Benz has officially signed an agreement to divest its leasing subsidiary, Athlon, to the French banking giant BNP Paribas. This strategic move is designed to optimize the German automaker's financial structure by offloading non-core business assets. The transaction is expected to unlock significant liquidity, estimated in the hundreds of millions of euros, providing a substantial boost to the company's cash reserves. According to the finance chief, this divestment will allow for more efficient capital allocation toward core growth initiatives. The deal highlights a broader trend among major automotive manufacturers to streamline operations amid shifting industry dynamics. Regulatory approvals are anticipated in the coming months, marking a key step in strengthening the Mercedes-Benz balance sheet.
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