According to sources familiar with the matter at hand, Daimler is preparing a stock market debut for its trucks division, reported German business newspaper Handelsblatt.

The unit could be floated at the end of 2021, said sources while adding that its division head Martin Daum is likely to get an early extension of his contract by three years, as part of the plans.

Daimler was not immediately available for comment.

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Tags: 2021, contract, Daimler, division head, extension, Initial public offering, listing, market listing, Martin Daum, stock market, stocks, trucks division