CHICAGO, Dec 9 (Reuters) - In an exclusive interview with Reuters on Thursday, Martin Richenhagen, the top executive of farm equipment maker Agco Cor said:
* That Fiat SpA CEO Sergio Marchionne does not want to sell the Italian automaker's CNH Global NV farm and construction equipment subsidiary;
* That 'if, theoretically, CNH became available, we would, of course, be interested. It would be stupid not to be interested.';
* That he would only be interested in CNH's farm equipment lines;
* That 'if somebody would take apart Deere & Co we would of course be very interested. But that will not happen.';
* That Agco has nothing in its 2011 budget for M&A 'since we do not really plan a major acquisition';
* That Agco's M&A spproach remains small and opportunistic;
* That small, opportunistic acquisitions may play a role in his company's China expansion.
((Chicago Equities; tel: +1 312 408-8787)) (For more news about Agco Corporation click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* That Fiat SpA CEO Sergio Marchionne does not want to sell the Italian automaker's CNH Global NV farm and construction equipment subsidiary;
* That 'if, theoretically, CNH became available, we would, of course, be interested. It would be stupid not to be interested.';
* That he would only be interested in CNH's farm equipment lines;
* That 'if somebody would take apart Deere & Co we would of course be very interested. But that will not happen.';
* That Agco has nothing in its 2011 budget for M&A 'since we do not really plan a major acquisition';
* That Agco's M&A spproach remains small and opportunistic;
* That small, opportunistic acquisitions may play a role in his company's China expansion.
((Chicago Equities; tel: +1 312 408-8787)) (For more news about Agco Corporation click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
