VW Foe Is Linked to New Investor in German Engine Maker Deutz
- Deutz has started to discuss its prospects with Ardan Livvey
- Investment firm has ties to Hastor family’s Prevent Group
Deutz AG engine at an exhibition in Cologne.
Photographer: Hermann J. Knippertz/AP PhotoThis article is for subscribers only.
A Bosnian family’s closely held conglomerate that has clashed with industrial giants including Volkswagen AG is linked to a new investor in German engine manufacturer Deutz AG, according to people familiar with the matter.
Current and former representatives for Prevent Group, a company led by the Hastor family, are linked to a Dutch investment firm that took an almost 4% stake in Deutz last month, said the people, who asked not to be identified because the information isn’t public. Prevent has been in legal conflicts with VW and Daimler AG and made an ill-fated attempt to take control of German car-seat maker Grammer AG until 2018.