Volkswagen now owns 50% of MAN

A 55.9% voting stake in MAN is now owned by the Volkswagen group. By offering a relatively low $138 US for each share VW managed to pick up its stake in the Munich-based truck manufacturer at a price which values the entire company at around $20 billion. The price offered was below the MAN share price at the time of the offer.

This move by the German car making giant paves the way for some form of merger between MAN and Scania, also owned by Volkswagen. However, the plan faces uncertainty as competition authorities in the European Union examine any deal which may break the monopoly rules.

In a statement Volkswagen said the company ‘will continue to work expeditiously in close co-operation with the relevant authorities called obtaining the required regulatory approval’.

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