Tatra Daf share acquisition details

Earlier this week an agreement was announced between Tatra and DAF, according to which the Dutch truck maker will deliver CF cabins and engine to Tatra. It was also announced that a DAF of 19% stake in Czech truck builder does.

We have learned that the shares are acquired from Tatra Holding (once the Blue River’ Fund), a group that owns 91 percent of Tatra. This investment group took over the truck builder in 2006 by the American Terex Group. Tatra Holding was set up specifically by the then British Vectra Group, the Belgian KBC Private Equity,  American Sam Eyde and Czech Meadow Hill (a company of CEO Ronald Adams and his wife). A spokesman from KBC is the participation of the various shareholders roughly the same size.

KBC is known to cut back its activities in Private Equity. Yet the 19% stake bought by DAF, is not KBC’s. According to a KBC spokesman the shares were sold by Tatra Holding and as a consequence the participation of all four shareholders was proportionately reduced.

According to a DAF spokesman the purchase of 19 percent is not a first step in a full acquisition of Tatra. “This is not an issue,” he said us.

The agreement between DAF and Tatras also provides that the Phoenix will also be sold by European dealers. The other models, which are not equipped with a DAF cab and engine, will not be sold by DAF dealers.