Austrian chancellor says sale of Boehler to CVC would be a 'catastrophe' |
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Published
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Wed, 21 Mar 2007 09:41
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VIENNA (AFX) - Austrian chancellor Alfred Gusenbauer said it would be a 'catastrophe' if the takeover of Boehler-Uddeholm by UK private equity fund CVC Capital Partners were to take place.'This is not a statement against foreign ownership but because the company would become a pawn in the financial markets as a result (of the proposed takeover),' Gusenbauer told Austrian newspaper Der Kleine Zeitung today.The comment comes in the wake of yesterday's proposal by two leading industrialists a fund be established to prevent any further takeovers by foreign companies after CVC confirmed its interest in acquiring the special steel company on Monday.fiona.flanagan@thomson.comff/ms1COPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Salzgitter denies it is in talks to buy Boehler-Uddeholm 