Hani Joudi 
The Mercedes-Benz trident logo sits on display outside the automaker's showroom, operated by Daimler AG, in Munich, Germany, on Tuesday, July 7, 2020. Daimler Chief Executive Officer Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the Covid-19 pandemic. Photographer: Andreas Gebert/Bloomberg
Kuwait’s sovereign wealth fund, Mercedes-Benz’s third-largest shareholder, is planning to reduce its stake in the automaker via the sale of 20 million shares, according to bookrunners.
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