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 STUTTGART, Germany, July 28 /PRNewswire/ -- Daimler-Benz AG, the German industrial group, plans to list its shares on the New York Stock Exchange (NYSE) effective Oct. 5, 1993. This follows successful discussions with the Securities and Exchange commission (SEC) permitting the first listing of a German company on the NYSE. Daimler-Benz will file a registration statement on Form 20-F with the SEC which will include financial information reconciled with U.S. GAAP.
 The listing of Daimler-Benz shares will be in the form of American Depository Receipts (ADRs). Daimler-Benz shares have previously been traded in the U.S. by various banks issuing their own unsponsored ADRs. Effective Oct. 5, 1993, U.S. trading of Daimler-Benz shares will be facilitated through an exclusive sponsored ADR program in which the exact terms will be set so that the U.S. trading levels will correspond to levels typical in the U.S. markets.
 Daimler-Benz has selected Deutsche Bank Capital Corporation, New York and Goldman, Sachs & Co., as advisors. Citibank has been appointed depository bank for the ADRs. Daimler-Benz has commissioned the international accounting firm KPMG to audit the accounts translated to U.S. accounting practice. The U.S. based international law firm Skadden, Arps, Slate, Meagher & Flom is advising Daimler-Benz on all matters relating to the registration and listing of Daimler-Benz shares.
 Daimler-Benz will adapt its accounting methods according to U.S. practice to meet the expectations of the international investment community, resulting in greater transparency and easier international comparison. A compromise to this end was reached earlier this year between the company's chief financial officer, Dr. Gerhard Liener, and the SEC.
 For Daimler-Benz, the listing on the NYSE is a further commitment to internationalization. In recent years, Daimler-Benz has significantly increased its presence on international stock exchanges with listings on the Tokyo Stock Exchange (in September 1990), on the London Stock Exchange (in December 1990), on the Vienna Stock Exchange (in February 1991) and on the Paris Stock Exchange (in October 1991). Daimler-Benz stock is listed on the eight German stock exchanges and since the mid- 1970s in Basel, Geneva and Zurich.
 The 46.6 million shares outstanding represent a share capital of DM 2.3 billion ($1.3 billion) and currently have a market value of approximately DM 32.3 billion ($18.7 billion). About one third of these shares is held by an estimated 400,000 shareholders, approximately half of whom reside outside of Germany. Of the remaining shares, 28 percent are owned by Deutsche Bank, 25 percent by Mercedes Aktiengesellschaft Holding (MAH) and almost 14 percent by the Emirate of Kuwait. On April 2, 1993, Daimler-Benz announced the merger of MAH with Daimler-Benz in a transaction which will effect an exchange of Daimler-Benz shares for outstanding MAH shares. MAH is a holding company whose only asset is shares of Daimler-Benz, all of which will be retired in the merger. It is expected that the merger will be completed by year end 1993.
 In 1992, in accordance with German accounting principles, Daimler- Benz through its four corporate units, Mercedes-Benz, AEG, Deutsche Aerospace AG (DASA) and Daimler-Benz InterServices (debis), had consolidated sales of DM 98.5 billion ($62.8 billion) and employed 376,500 people worldwide. In the U.S. Daimler-Benz achieved sales of DM 13 billion ($8.3 billion), which represents approximately 13.3 percent of the company's overall turnover. The group is represented by 27 principal companies in the U.S. employing over 13,000 people.
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 /NOTE TO EDITORS: Deutsche Bank Capital Corporation is a wholly owned subsidiary of Deutsche Bank AG and has been operating as an investment bank in the U.S. since 1971. With 200 employees and total assets of $7.7 billion, Deutsche Bank Capital Corporation is the largest German investment bank in the U.S. As a member of the New York Stock Exchange and all other principal exchanges in the U.S., it is a fully integrated participant in the U.S. capital markets, specializing in institutional investor services and the sales and trading international securities.
 Goldman Sachs & Co., founded in 1869, is one of the world's leading international investment banking firms, with 28 offices around the globe and over 7,400 employees. The firm is also one of the largest in the securities industry with over US$4.2 billion in capital.
 Citibank is the principal subsidiary of Citicorp, the largest US bank holding company with assets of over US$213 billion. Citibank, founded in 1812, provides global financial services in 93 countries. Its staff of 81,000 serves individuals, corporations, governments and financial institutions in over 3,500 locations around the world.
 KPMG has audited the Daimler-Benz group's accounts for many years. With a revenue of approximately US$10 billion it is the largest accounting firm in the world. KPMG has 80,000 employees, of which over 6,000 are partners.
 Skadden, Arps, Slate, Meagher & Flom is among the four largest law firms in the world. The firm, which has eight offices in the U.S. and twelve at international locations, employs approximately 970 lawyers, 235 of which are partners. According to a recent National Law Journal survey, Skadden was identified most frequently by Fortune 250 corporations as one of their principal law firms/
 /CONTACT: Roland Klein, international media relations of Daimler- Benz AG, 011-49-711-17-93635, or fax, 011-49-711-17-94686, or Bernhard Harling, corporate communications of Daimler-Benz North America Corporation, New York, 212-308-4535, or fax, 212-826-0356/

CO: Daimler-Benz AG ST: IN: SU:

MP-WO -- NY043 -- 7276 07/28/93 11:50 EDT
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Date:Jul 28, 1993

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