EU Blesses EQT, DaimlerChrysler MTU Deal
Posted on March 2, 2006
According to press reports in Europe, European Union officials have approved Swedish private equity firm EQT’s purchase of DaimlerChrysler's MTU Friedrichshafen diesel manufacturing operations. DaimlerChrysler announced in December that the two sides valued its Off-Highway business unit at €1.6 billion. The sale also includes the off-highway activities of Detroit Diesel Corp.