Daimler confirms MAN back in talks to buy MTU unit

Newswire

FRANKFURT, Oct 31 (Reuters) - German truckmaker MAN has re-entered talks to acquire DaimlerChrysler's MTU Friedrichshafen heavy diesel engine unit, a DaimlerChrysler spokeswoman said on Monday, confirming an earlier report by Reuters. MAN replaces buyout firm CVC, which has dropped out of the process, she added. Thee other two bidders are a consortium led by buyout firm Kohlberg Kravis Roberts and rival Swedish group EQT.

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