Tognum CEO says Daimler won't raise stake further

Newswire

FRANKFURT, April 30 (Reuters) - German heavy diesel engine maker Tognum's new major shareholder Daimler has no plans raise its stake beyond the targeted blocking minority stake, Tognum's chief executive told Reuters. "They are aiming for a blocking minority and do not want to buy any further shares," CEO Volker Heuer said in an interview. Heuer also confirmed Tognum's 2008 outlook. He declined to comment on the company's first-quarter business. "It is a good sign that Daimler is buying ...

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