Iran's representative at ThyssenKrupp, Mohammad-Mehdi Navab-Motlagah will not reportedly seek re-election at ThyssenKrupp's January 21 annual shareholders meeting following American threats to bar the German heavy industry giant from public contracts in the US.
Washington had already forced ThyssenKrupp last year to slash Iran's share in the company from 7.8 to 4.5 percent.
Iran acquired 25.01 percent of Krupp's share in 1976. That figure was lowered to 7.8 percent after Krupp and Thyssen merged in 1999.
... Payvand News - 12/9/04 ... --