Chinese automaker FAW Group considers buying stake in Didi Global - Bloomberg News


FILE PHOTO: The app logo of Chinese ride-hailing giant Didi is seen reflected on its navigation map displayed on a mobile phone in this illustration picture taken July 1, 2021. REUTERS/Florence Lo/Illustration/File Photo

(Reuters) - Chinese automaker FAW Group is considering acquiring a significant stake in ride-hailing giant Didi Global Inc, Bloomberg News reported on Friday, citing sources.

The state-owned FAW Group has reached out to Didi's top executives and expressed its interest in becoming a major shareholder in the firm, the report https://bloom.bg/38n7Gtm said.

U.S.-listed shares of Didi were up about 6% at $1.96 during early premarket hours.

The report comes after shareholders in Didi approved its U.S. stock delisting plan earlier this week.

Didi did not immediately respond to a Reuters' request for comment.

(Reporting by Ann Maria Shibu in Bengaluru; Editing by Rashmi Aich)

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