Carlyle Group has good chance to buy Daimler's MTU

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Automotive News
October 4, 2005 - 12:01 am ET
FRANKFURT -- U.S. private investment firm firm the Carlyle Group says it has a good chance to buy German diesel engine maker MTU Friedrichshafen, which belongs to DaimlerChrysler AG.

"I think that we have a good chance to still buy it," Carlyle Group Managing Director and co-founder David Rubenstein told the Frankfurt Allgemeine Zeitung in a story to be published on Wednesday.

DaimlerChrysler in mid September took over 100 percent of MTU Friedrichshafen after it bought the Brandenstein-Zeppelin family's nearly 5 percent stake and the Maybach family's 7.2 percent stake.

DaimlerChrysler wanted to sell the unit, which it values at more than 1 billion euros, but wide-ranging veto rights from the two founding families had complicated the disposal and led to a public clash.

German truck maker and industrial group MAN said in mid September, when DaimlerChrysler acquired full ownership from the families, that it would restart talks with about acquiring MTU Friedrichshafen.

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