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(MAH) with Daimler-Benz AG (DBAG). The following press information was released today from Stuttgart at 4 p.m. (local time). It addresses today's decision of the boards of management of MAH and DBAG to prepare the merger of both companies. MAH is one of the largest shareholders of Daimler-Benz AG, together

and the State of Kuwait (approximately 14 percent). In accordance with the statutes, the company has the function of holding at least 25 percent of the share capital of Daimler-Benz AG and at present this share nominally amounts to around DM 587.8 million (US$ 374.9). The company was founded in 1975 under the name of Mercedes-Automobil Holding AG. The number of shares issued by MAH to its shareholders corresponds to the number of Daimler-Benz shares acquired. In this way the MAH shareholders have an indirect share in the income and assets of Daimler- Benz AG; the dividend paid out by Daimler-Benz AG has traditionally been passed on by MAH to its shareholders.
 Fifty percent of the MAH shares are widely distributed between about 60,000 shareholders. The shares are traded on the eight German stock exchanges as well as on the stock exchanges in Zurich, Basel, Geneva and Vienna. The other half of the MAH shares is held by institutional investors such as insurance companies, banks and industrial corporations. In December 1990, MAH changed its name to "Mercedes Aktiengesellschaft Holding" in order to accommodate the new structure of the Daimler-Benz Group. MAH should not be confused with Mercedes-Benz AG, the automotive manufacturer which is a 100 percent owned subsidiary of Daimler-Benz AG.
 This background information is provided by Daimler-Benz North America Corporation/
 JOINT INFORMATION OF DAIMLER-BENZ AG
 AND MERCEDES AKTIENGESELLECHAFT HOLDING
 STUTTGART, Germany, April 2 /PRNewswire/ -- The members of the board of management of Daimler-Benz AG and Mercedes Aktiengesellschaft Holding decided with the knowledge of the respective supervisory boards to prepare the merger of Mercedes Aktiengesellschaft Holding with Daimler- Benz AG. In this merger shares of Mercedes Aktiengesellschaft Holding will, in the ratio of one to one, be exchanged into shares of Daimler- Benz AG. It is intended to carry out this merger by the end of 1993.
 -0- 4/2/93
 /CONTACT: Friedrich Loesch, 711-17-9-33-33, or fax, 711-17-9-40-80, or Roland Klein, 711-17-9-36-35, or fax, 711-17-9-45-31, both of Daimler-Benz AG in Stuttgart/


CO: Daimler-Benz AG; Mercedes Aktiengesellschaft Holding ST: IN: AUT SU: TNM

GK-OS -- NY013 -- 2425 04/02/93 10:16 EST
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Publication:PR Newswire
Date:Apr 2, 1993
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