MAN weighs big purchase, says sales fell

Article Abstract:

MAN AG, an engineering group based in Germany, is considering a DM500 million to DM1 billion purchase of an unspecified company, according to the company's chairman, Rudolf Rupprecht. He added that the company intends to continue its policy of purchases, stressing that the company being targeted would become a part of its realignment to concentrate on core business. MAN, which is a commecial-vehicle, machinery-making, plant-engineering and trading conglomerate, sells products that include commercial trucks, buses and printing presses.

Comment:

Is considering a DM500 mil to DM1 bil purchase of an unspecified co, in a bid to focus on core bsns

Diversified Companies, Maschinenfabrik Augsburg-Nurnberg AG

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Audi to pay $190.9 million for Cosworth of the U.K

Article Abstract:

Audi AG of Germany will acquire Cosworth of the UK for 117 million pounds sterling ($190.9 million). The purchase is seen as an important move for Audi's parent, Volkswagen AG of Germany, as it will need the engines produced by the British firm for its newly acquired subsidiary, Rolls-Royce Motor Cars PLC. Rolls-Royce's current engine supplier, Bayerische Motoren Werke AG, has served notice that it will discontinue supplying engines to the firm after its supply contract's expiration on Jul. 9, 1998.

Comment:

Will acquire Cosworth of the UK for 117 mil pounds sterling ($190.9 mil)

United Kingdom, Asset sales & divestitures, Foreign operations, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Other Engine Equipment Manufacturing, Internal Combustion Engines, Audi AG, Cosworth

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German funds teeter near price war

Article Abstract:

German mutual fund companies could become part of a price war as tough competition continues. German consumers can find out information on the Internet, have an abundant number of products and distributors and can avail themselves of discount brokers.

Market information - general, Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Statistical Data Included, Forecasts and trends, Mutual funds, Mutual fund industry

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