Mercedes-Benz unit lends to Votorantim

Mercedes-Benz unit lends to Votorantim
Published: 11 January 2008

Banco Mercedes-Benz, the vehicle financing business in Brazil for automaker DaimlerChrysler, has lent 60mn reais (US$34m) to local cement maker Votorantim Cimentos, the bank said in a statement. Votorantim Cimentos has used the money to buy 200 trucks from the automaker, spending another 80mn
reais of its own money.