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VW seeks strategic control of German truck maker MAN
January 9, 2013 / 4:51 PM / 5 years ago

VW seeks strategic control of German truck maker MAN

FRANKFURT, Jan 9 (Reuters) - Volkswagen said on Wednesday it was seeking to conclude a domination and profit and loss transfer agreement with MAN SE, which would give it full strategic and financial control over the truck maker.

“The planned step is a further milestone on the road to creating an integrated commercial vehicles group,” the company said in a statement.

Volkswagen said it currently holds 75.03 percent of the voting rights in MAN. (Reporting by Harro ten Wolde)

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