WestLB temporarily holds 14 percent of DaimlerChrysler

Reuters / April 12, 2007 - 6:00 amFRANKFURT (Reuters) – German state bank WestLB has temporarily amassed a 14 percent voting stake in DaimlerChrysler, the US-German automaker said today.

The bank previously held below 3 percent in Daimler, which is currently holding talks with potential bidders for Chrysler that could result in an eventual disposal of its loss-making US unit.

"According to the information provided by WestLB, these are purely financial transactions," Daimler said in a statement. "The transactions therefore do not result in any shift in DaimlerChrysler shareholders structure."