	mannesmann buys indirect majority stake in sachs mannesmann ag mmwg f said it has reached a series of agreements giving it an indirect majority stake in the fichtel und sachs ag car parts group the takeover is contingent on approval from the federal cartel office in west berlin a spokesman said adding that mannesmann was confident the authorities would not block the purchase mannesmann is buying pct of mec sachs vermoegensholding which owns pct of sachs ag which in turn holds pct of fichtel und sachs the mec shares will be bought from the granddaughters of the firm s founder mannesmann is also purchasing a pct stake in fichtel und sachs from commerzbank ag cbkg f and has an option to buy the bank s remaining pct stake a company statement said in addition to these firm agreements mannesmann is also talking with the state owned steel group salzgitter ag salg h on buying its pct stake in fichtel und sachs this would give mannesmann around pct of fichtel und sachs salzgitter said it decided to give up its own original plans to seek a majority stake in sachs after holding talks with the government in bonn earlier this month mannesmann disclosed that it might want a majority stake in sachs after previously saying it was seeking to buy only a minority holding in the company which has annual turnover of billion marks and employs the uisition is part of mannesmann s efforts to diversify into high technology areas and away from its previous reliance on steel and pipe making more a spokesman for the federal statistics office later said the anti cartel authorities would probably rule on the takeover in the new few weeks reuter 
