RUSSIAN ATTEMPTS TO TAKE OVER MANFRED WEISS CONCERN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R000300210008-1
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: December 23, 1998
• Sequence Number: 8
• Publication Date: January 28, 1947
• Content Type: IR

Approved For Release 1999/09/0 : CIA-RDP82-00457R000306
E
CENTRAL LLI E E GROUP
INTEL .NCE REPORT
G
COUNTRY Hungary
DATE: 25X1 X6 ^
INFO
SUBJECT
Russia Attests to Take
Over Wired Weiss Concern
DI ST. 28 j*nua
1947
ORNGIN
25X1A6a
25X1X6
PAGES
SUPPLEMENT
When the Ruestarn discovered in Dace nber 19146 that the Duna. airC?p1 ne factory
was financed chiefly by the Germans through the Hungarian war-time government.,
they entered a claim for o>i'nership of Duna eve though it is a subsidiary of
the Hungarian ganf ed Weiss concern.
In mid-January the Russians discovered that lea had advanced the Manfred Weiss
Iron and Steel Wail= about 5O milli pn pe nge3"ea for semi-finished products. Space
the Duna books show no evidence of deliveries having been received, and since
the Rua aeians maintain that the entire Manfred Weiss concercn is worth lose than
50 million pekes, they are claiming that they conaequeently have a legal 1-t1o
to an of the Manfred' Weiss firm.
3
a
A. few mouths ago the Uanfred Feiss holdings, including the canning and processing
plants, the aluminum plants and the motor factories, were placed under Hungarian
Government mega t and control, even though the nationalization Im provided
for state control of none but the heavy and machine industries,
With the Russians now clamoring for o er ahip, the Hungarian thsverome t is trying
to divorce an marry subsidiaries as possiblo .from, the Manfred Waisas Iron and Steel
Works, even if it m return ng these subsidiaries to their original openers. They
would like to go even further and return the entire concern at least nominal 1y
to the Wei8a family to save it from the Russians.p with this in ,mind, them is
anxiety in Govermsent circles lest 8,,000,000 worths of machinery arrive farces the
American zones of Austria and G==W. Formerly, the Government had sought to
a pesdite the return of this machinery.
5. According to a member of the Weiss family who verified the above facts, members
of his family in Siitzer1and were approached on ' January by one of the present
directors of the firma with an offer from the Russians. The offer sought to induce
them to enter into a lease contract such an the Carmmsforced on than during the
war. There p a flat reft a1.
Fermo Chorin, a meter of the Weiss f 3? , is now in or enroute to the United
States to seek A icanx aid for the Manfred Weiaea$ firm, 25X1 A2g
25X1 A6a oa cents For earlier information or Chorin, see
a i on" T er 1946. )
SEE RNNL?brJ I ul D: G AS,5:: ? CATjQt1 AC` SON
25X1A9a
25X1A8ap^
Soso
aa~s?
r
oFra. T~
K
_~
rs~?
s vra
- ~` C1 t1VON E S tvG MU5
j 4
. NO-
EXEC.
CONTROL
FOL
UM
FB0.
CFCs .
..
-
W-Gved
A
fteign
3A
.Vow"