• Most Popular
  • Most Shared

Deripaska eyes Ford's Land Rover, Jaguar: report

FRANKFURT
Sat Jul 28, 2007 10:06am EDT
Oleg Deripaska listens during a news conference in Vienna April 26, 2007. Deripaska, the head of Russian automaker GAZ, is interested in Ford's premium British brands Jaguar and Land Rover, German business weekly WirtschaftsWoche reported on Saturday. REUTERS/Heinz-Peter Bader

Stocks

   

FRANKFURT (Reuters) - Billionaire tycoon Oleg Deripaska, the head of Russian automaker GAZ (GAZA.RTS), is interested in Ford's (F.N) premium British brands Jaguar and Land Rover, German business weekly WirtschaftsWoche reported on Saturday.

Deals  |  Mergers & Acquisitions

Citing a source or sources from Ford, it said that Deripaska would also be a possible bidder for Volvo should Ford decide to sell the Swedish brand.

The magazine quoted a spokeswoman for the GAZ Group as saying: "We have already announced before that we are interested in growing through mergers and acquisitions."

Another firm owned by Deripaska, Basic Element, agreed in May to invest $1.54 billion in Canadian auto parts supplier Magna (MGa.TO).

Britain's The Guardian and Russia's Izvestia had reported last August that Deripaska may buy the troubled Jaguar brand from Ford.

Ford of Europe was not immediately available for comment.
Deals
Mergers & Acquisitions


More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle