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KKR in pole position for Germany's MTU

Kohlberg Kravis Roberts has emerged in pole position in the €1bn ($1.2bn)-plus race to acquire diesel engine manufacturer MTU Friedrichshafen from DaimlerChrysler after German truck manufacturer Man was dropped from the auction.

"A small number of bidders" are still in the running following Daimler's consideration of initial bids, according to a company spokesman in Stuttgart.

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