Germany: VW takes majority stake in MAN

Volkswagen AG has boosted its stake in compatriot MAN SE through its recent mandatory offering. In early May 2011, VW increased its stake in MAN SE from 29.9% to 30.47%, requiring it under German law to make a public tender offer to all third-party shareholders of MAN SE. The cash Subscribe to Automotive World to … Continued

• By Webmaster
• July 4, 2011