MTU bids for Volvo aero engine parts unit - paper

Newswire

BERLIN, Dec 1 (Reuters) - MTU Aero Engines has made an indicative offer worth more than 800 million euros ($1.1 billion) for the aerospace engine component business of Swedish group Volvo , a German newspaper reported. In an excerpt of an article to be published on Friday, daily Financial Times Deutschland cited sources familiar with the plans as saying MTU was being advised by Goldman Sachs on the deal. Volvo, the world's second-biggest maker of trucks, said on Nov. 21 it was in talks ...

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