Brief: Manz - Daimler Truck Acquires Stake in Manz As Part Of Strategic Partnership
23/05/2022 10:47
May 23 (Reuters) - MANZ AG M5ZG.DE :
* DAIMLER TRUCK AG'S INVESTMENT IN MANZ AG AS PART OF A
CAPITAL
INCREASE AMOUNTING TO APPROXIMATELY 10% OF COMPANY'S SHARE
CAPITAL
* PROCEEDS OF CAPITAL INCREASE IN AMOUNT OF EUR 30.6 MILLION
WILL
BE USED TO FINANCE MANZ AG'S FURTHER GROWTH
* IN ADDITION, BOTH COMPANIES HAVE SIGNED A COOPERATION
AGREEMENT
ON A STRATEGIC PARTNERSHIP TO ESTABLISH A PILOT LINE FOR
PRODUCTION OF LITHIUM-ION BATTERY CELLS AND ASSEMBLY OF
BATTERIES AT DAIMLER TRUCK'S MANNHEIM LOCATION
Source text for Eikon: ID:nEQ32NJmba
Further company coverage: M5ZG.DE
(Gdansk Newsroom)
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