A proposed law limiting foreign ownership of German defence companies is unlikely to reach parliament before next year, making a successful sale of engine maker MTU more likely. The law is the subject of intense discussion between various arms of the German government, and due to reach cabinet by December. Meanwhile, sources close to the MTU talks deny that parent company DaimlerChrysler has decided to give exclusive bidding rights to the US private equity group Kohlberg Kravis &Roberts, ahead of UK rival Doughty Hanson. Earlier, the company said that it was seeking "a European solution"(Flight International, 7-13 October).
Source: Flight International