DaimlerChrysler sells 2 units to Swedish equity firm EQT
Article Abstract:
DaimlerChrysler AG of Germany is to sell its diesel-engine manufacturing unit to EQT Partners AB of Sweden. The transportation equipment giant's strategic planning includes financing layoffs at the Mercedes division and increasing focus on consolidation. The divestment is valued at approximately 1 billion Euros ($1.18 billion).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Bayer & Merck KgaA raise stakes in Schering
Article Abstract:
Bayer AG of Germany has purchased a 23.09 percent stake in Schering AG also of Germany. Merck KGaA also of Germany has purchased an 18.6 percent stake in Schering AG. Bayer AG is to acquire Schering AG and rival Merck KGaA is purchasing Shering AG stock in case the merger is unsuccessful.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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