The CEO of Mercedes-Benz ruled out the possibility of a Chinese minority blocking the deal.

BERLIN (Reuters) – In an interview with the German newspaper Handelsblatt on Wednesday, Mercedes-Benz CEO Ola Kaellenius ruled out the idea that two major Chinese shareholders could increase their stakes and form a blocking minority.

It’s not like that. Our relationships with our investors are very good and strong. The daily was told by Kaellenius.

Handelsblatt said that Baic and Eric Li, the founder of Geely, each own 10% of the German car company.

Winfried Kretschmann, the leader of Baden-Württemberg, the German state where Mercedes-Benz is based, also said that Chinese investors couldn’t take over the company.

Kretschmann told Handelsblatt in the interview with Kaellenius, “We would never let that happen.”