Ludwigsfelde: companies completely taken over

  • Date
    1 December 1993
  • Description
    Mercedes-Benz and the Treuhandanstalt privatisation agency sign a contract in Ludwigsfelde concerning the complete takeover of Nutzfahrzeuge Ludwigsfelde GmbH (NLG) and Entwicklungsgesellschaft für Kraftfahrzeugtechnik mbH (EGL). Under the contract, Mercedes-Benz AG, which holds a 25 % share in both companies, takes over Treuhandanstalt's 75 % share with effect from 1 January 1994.