WestLB Temporarily Holds 14% of DaimlerChrysler's Equity for Trading Purposes
April 12 2007 - 6:31AM
PR Newswire (US)
STUTTGART, Germany, April 12 /PRNewswire-FirstCall/ -- WestLB AG of
Dusseldorf, a German bank, has informed DaimlerChrysler AG
(stock-exchange abbreviation DCX) that on April 4, 2007, the volume
of DaimlerChrysler shares that it holds for trading purposes
exceeded the thresholds of 3%, 5% and 10% of the voting rights in
DaimlerChrysler AG (ISIN DE0007100000) and that it currently holds
an equity interest of 14.006% (144,172,765 shares). (Logo:
http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO ) WestLB has
sent a letter to notify the German Financial Services Authority
(Bundesanstalt fur Finanzdienstleistungsaufsicht) of these changes.
According to the information provided by WestLB, these are purely
financial transactions, which are completely hedged with futures.
The number of DaimlerChrysler shares held by WestLB is to be
reduced again to well below 3% after capital stock in the
foreseeable future. The transactions therefore do not result in any
shift in DaimlerChrysler shareholders structure. Further
information from DaimlerChrysler is available on the internet at:
http://www.media.daimlerchrysler.com/
http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGODATASOURCE:
DaimlerChrysler AG CONTACT: Han Tjan, +1-212-909-9063; Thomas
Froehlich, +49-711-17-41361 Web site:
http://www.daimlerchrysler.com/
http://www.media.daimlerchrysler.com/
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