MANNESMANN SEEKS STAKE IN U.S. FIRM

  Mannesmann AG &lt;MMWG.F>, the
  diversified engineering and pipe-making group, is interested in
  taking a stake in a U.S. Company or companies but has not yet
  found a suitable firm, a spokesman said in reply to questions.
      Mannesmann managing board chairman Werner Dieter told the
  business weekly Wirtschaftswoche in an interview that
  Mannesmann wanted to invest in a U.S. Company in order to
  strengthen its presence on the U.S. Market.
      Dieter said Mannesmann would act quickly when and if it
  found a firm in which it wanted to take a stake.
      The Mannesmann spokesman declined to say in which
  industrial sector the group may make a U.S. Acquisition or how
  big the acquisition might be.
      He also said the group had not yet completed taking over a
  stake in car components firm &lt;Fichtel und Sachs AG>.
      Mannesmann had said in January it hoped to take a 37.5 pct
  stake in Fichtel und Sachs's holding company, Sachs AG, in the
  first quarter. The spokesman said Mannesmann had a letter of
  intent on the takeover from the heirs of the company's late
  owner but completion has been delayed by legal questions
  concerning the inheritance.
  

