. DaimlerChrysler to acquire 100% ownership of MTU
Stuttgart - Following a
series of intensive discussions, DaimlerChrysler and the family
shareholders of MTU Friedrichshafen agreed on a joint solution to the sale
of the company. All of the family shareholders have offered to sell their
shares in MTU Friedrichshafen to DaimlerChrysler AG. The Supervisory Board
of DaimlerChrysler has approved the share purchase.
The present solution is due
in no small part to the initiative of Irmgard Schmid-Maybach and the
clear-cut approach adopted by the works council of MTU Friedrichshafen
especially of the chairman of works council, Karl-Heinz Wulle. With this
agreement, all of the parties involved, especially the family
shareholders, have shown great responsibility for MTU Friedrichshafen and
paved the way to find a long-term investor to ensure the future of MTU
Friedrichshafen. Therefore, the uncertainty for the company and its
employees has ended. Due to the constructive collaboration of all of the
family shareholders, a liquidation can now be avoided.
