DaimlerChrysler has said a report that its Mitsubishi Motors unit would allow institutional investors to participate in Mitsubishi’s planned capital increase was pure speculation.
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“The plan has not yet been finalised,” a DaimlerChrysler spokesman told Reuters on Tuesday.
The Financial Times earlier reported that Daimler’s 37%-owned unit would offer 20% to 33% of its planned 200-300 billion yen ($US2.9 billion) issue to institutional shareholders, the news agency said.
Previously, Reuters noted, it was expected that only Mitsubishi’s large shareholders would take part in the capital increase but the FT also reported that Daimler would contribute half of the capital coming from the Japanese carmaker’s large shareholders.
The paper reportedly said that Daimler could even increase its stake, whereas Mitsubishi Heavy Industries, Mitsubishi Corp. and Bank of Tokyo-Mitsubishi were expected to dilute their combined 20% stake as a result of the expanded offering.
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