Ballard inks sales deal for German unit


(Figures in U.S. dollars) VANCOUVER, British Columbia, June 23 (Reuters) - Ballard Power Systems Inc. said on Thursday it has finalized an agreement to sell its German subsidiary to DaimlerChrysler AG and Ford Motor Co. , who both have stakes in the Canadian fuel cell developer. Under the deal, first announced last July, Ballard will cancel 7.6 million shares it was scheduled to issue to DaimlerChrysler, and will get back for cancellation 9 million shares held by Ford. Ballard will ...

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