Newswire

Buderus sees stronger growth as independent firm

FRANKFURT, Jan 29 (Reuters) - German heating and appliance maker Buderus said on Wednesday it saw stronger growth prospects for its business if it remained an independent firm.

Buderus has long been coveted by unlisted car parts maker Robert Bosch as a potential takeover target. Bosch already holds 13 percent of the firm and has been talking to Buderus's main shareholder about increasing its stake.

Buderus chief executive Uwe Lueders told Reuters earlier the company had so far held no talks with Bosch.