CANADA: Ballard to sell German subsidiary to DaimlerChrysler and Ford
Ballard Power Systems has announced that its Vehicular Alliance partners, DaimlerChrysler and Ford, have signed an agreement for the previously announced sale of Ballard's German subsidiary, Ballard Power Systems AG, to DaimlerChrysler and Ford. The transaction is subject to approval by Ballard's shareholders at a special meeting of shareholders to be held in Vancouver on August 29, 2005. The transaction is expected to close shortly after shareholder approval is granted.
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