Italian tractor firm to take stake in Deutz

Newswire

FRANKFURT, July 29 (Reuters) - German engine maker Deutz AG said on Tuesday Italian tractor maker Same Deutz-Fahr would buy all the shares in a capital increase which would add 68.7 million euros ($78.9 million) in equity. Deutz said in a statement the minimum offer price for the stock was 2.56 euros, and said that its major shareholders Deutsche Bank and Volvo had agreed not to exercise their subscription rights. It also said Deutsche Bank had sold its convertible profit participation ...

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