Daimler-Benz battles alone
9th August 1990, Page 8
9th August 1990
Page 8
Page 8, 9th August 1990
— Daimler-Benz battles alone
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• Daimler-Benz is forging on alone to take over Spanish truck maker Enasa following MAN's withdrawal from the deal (CM 19-25 July).
The German and Spanish firms are locked in negotiations which will decide the fate of the Pegaso marque. A spokesman for Daimler-Benz was unable to say more than: "We are waiting for an answer from Enasa." Details of any offer are unknown.
The original proposal, under which MAN would have taken 60% of the Spanish operation and Daimler-Benz 20%, was rejected by the West German Federal Cartel Office on the grounds it would damage local competition.
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West German Federal Cartel Office