Re: further on bmw

[quk@isham-research.demon.co.uk (Phil Payne)]

In message <36C8C848.A4647A87@nycap.rr.com> Osman Parvez writes:

> I'm assuming that "blocking percentage" means controlling share of a
> company. I'm wondering if this is true if the company is listed on the
> NYSE (as Daimler-Chrylser is). Somehow it doesn't make sense to me that
> a 28.x share will yield controlling interest. Are you sure Phil?

It was BASF's shareholding in a Germany subsidiary that made me aware
of this 'blocking percentage'.  If Diamler-Chrysler is, in law, a
German company (and I don't know one way or the other) then yes, it
would apply.

--
 Phil Payne
 Phone: 0385 302803   Fax: 01536 723021
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