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Vossloh boss to bid 447m euros for German trainmaker
Amount offered is for the remaining 70% stake that he doesn't already own
Add BT as a preferred sourcePublished Thu, Jan 22, 2015 · 09:50 PM
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Munich
VOSSLOH AG chairman Heinz Hermann Thiele has said that he'll bid at least 447 million euros (S$690 million) for the 70 per cent of the German locomotive and railroad-equipment manufacturer that he doesn't already control.
He plans to offer 48-49 euros per share through his KB Holding GmbH, which announced the plans in a regulatory release.
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