Mercedes to sell seven Berlin dealerships to Canadian buyer

BERLIN, May 13 (Reuters) - Mercedes-Benz MBGn.DE has agreed to sell its seven Berlin dealerships to a Canadian investor, as part of efforts to sell off businesses in its dealership network, the German carmaker said late on Tuesday.

• Global Auto Holdings (GAHL) has agreed to purchase the Berlin locations in a deal set to close at the end of the year

• No value was given for the sale

• Mercedes sales chief Mathias Geisen said the deal demonstrated the appeal of the brand and showed that the process of divesting dealerships was "proceeding exactly on schedule"

• Over 1,100 people are employed at the Berlin locations, according to a statement from Mercedes

• GAHL already runs Mercedes dealerships in Britain and the United States