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nk buys control Daimler-Benz

24th January 1975, Page 23
24th January 1975
Page 23
Page 23, 24th January 1975 — nk buys control Daimler-Benz
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MOVE designed to t possible Middle East 3tion of Daimler-Benz, rman Government has ized Deutsche Bank to se control of the ny. The bank has

28.5 per cent of r-Benz (at a cost of 2 DM) to its 29 per cent 3, giving it overall The move follows an announcement in December that the Kuwait Government had bought a 14 per cent in the giant German company. The chief of the German bank involved said that the deal had the backing of the German Government and referred to it as a duty which could not be shirked.