Newsgroup: it.economia.borsa
Titolo: ECCO PERCHE MANNESMAN SALE LEGGERE

Economia
14/12/99 12:23
German banker blasts German nationalism on Vodafone
    FRANKFURT, Dec 14 (Reuters) - The head of Germany's private
sector banks has attacked German "populism and nationalism" in
the face of a hostile takeover bid by Britain's Vodafone
AirTouch Plc for Mannesmann AG .
    Martin Kohlhaussen, president of the BdB Federal
Association of German Banks, said German opposition to
Vodafone's record hostile bid for Mannesmann displayed a lack
of maturity which could undermine the country's ability to
compete globally.
    "Where is the outcry when German companies buy up foreign
companies?" Kohlhaussen told the International Club of
Frankfurt Business Journalists at a dinner on Monday night.
    German government and public opposition to the British
firm's bid to acquire the Duesseldorf-based telecommunications
and engineering group Mannesmann follows a string of takeovers
by top German companies in recent years.
    BMW AG and Volkswagen AG fought a battle last year to snap
up British luxury car brands Rolls-Royce and Bentley. VW, which
took over the two brands, gave BMW the right to build
Rolls-Royce cars from 2003. BMW also owns Britain's Rover
Group.
    The BdB represents top private sector banks including
Deutsche Bank AG G, Dresdner Bank AG , Commerzbank AG and
HypoVereinsbank AG .
    Attacking the government's public criticism of Vodafone's
bid and its intervention to rescue builder Philipp Holzmann AG
 with 250 million marks of state money, Kohlhaussen said:
    "Politicians seem to lack the knowledge of the simple
mechanics that makes an economy work."
    Investors had been deterred by the governments's "wrong"
intervention in Holzmann which highlighted structural problems
in Europe that many governments were failing to tackle, said
Kohlhaussen, who is also chief executive of Commerzbank AG.
    Kohlhausen said the euro's weakness partly reflected a lack
of faith in Europe's readiness to reform.
    He said the euro had fallen to near one-to-one parity with
the dollar partly because "markets refuse to believe that
governments can implement an economic fitness programme."
    He said he had detected "an astonishingly small willingness
to reform in some euro area member states."
    "You can't order a currency to be stable, you have to win
the markets' confidence. It remains far from clear whether the
euro in the long term will be as stable as the D-mark was. The
D-mark itself took a long time to become established.
    "If the reform blockage continues and we don't do our
homework, we needn't be surprised (about the euro's
depreciation)," Kohlhaussen said.
ultime notizie su: German-Banker-Blasts-German
12:23  14-dec  German banker blasts German nationalism on Vodafone (REUTERS)
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La pensavo proprio cosí, l´opa mannesman e una questione ben
piú ampia di una semplice opa (scusate l´htlm) ma da Dusseldorf
é tutto ció che ho trovato
ciao
aki
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