FRANKFURT, Nov 6 (Reuters) - Daimler finance chief Bodo Uebber is not concerned that a low stock price could expose it to hostile takeover offers, he told German newspaper Frankfurter Allgemeine Zeitung.
"First someone would have to come who can explain how he can do a better job than we can," he said in comments to be published in the paper's Friday edition.
"Refinancing such a takeover would also not be easy: loans are not available or are very expensive."
Daimler, which only has the emirate of Kuwait as a large shareholder with 7.6 percent of the stock, has a market capitalisation of close to 27 billion euros ($34.80 billion).
Shares closed on Thursday down 9.8 percent at 24.94 euros.
Uebber also responded to recent comments the premier of the state of Baden-Wuerttemberg, Guenther Oettinger, made in a newspaper interview about Daimler's home state buying an indirect stake in the company.
"We have neither been in talks with the state, nor with the federal government, nor with the landesbanks," he said, referring to the German state-owned regional lenders like LBBW .
The Daimler CFO also said that there were no activist shareholders that were demanding the company resume its share buyback programme, now frozen in light of the credit crisis.
(Reporting by Christiaan Hetzner; Editing by David Cowell) ($1=.7759 Euro) Keywords: DAIMLER/
(christiaan.hetzner@thomsonreuters.com; Reuters Messaging: christiaan.hetzner.reuters.com@reuters.net; +49 69 7565 1249)
COPYRIGHT
Copyright Thomson Reuters 2008. 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.