Sunday 19 June 2011

MAN seeks Ferrostaal talks with IPIC -paper - Maktoob News

MAN plans to reach agreement with Abu Dhabi's IPIC fund over industrial services company Ferrostaal "as soon as possible" MAN Chief Executive Georg Pachta-Reythofen was quoted on Saturday as saying.

After a breakdown of relations between the two parties, IPIC has shown a willingness to negotiate, Pachta-Reythofen told German weekly Frankfurter Allgemeine Sonntagszeitung, according to an advance copy of its Sunday edition.

"We will hold constructive talks. Nobody can live with the (current) situation," Pachta-Reythofen told the paper in an interview.

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