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VW's Traton proposes hefty premium for full control of MAN trucks

05/08/2021 11:52
VW's Traton proposes hefty premium for full control of MAN trucks

- Volkswagen VOWG_p.DE truck unit Traton 8TRA.DE said on Saturday it had proposed to pay more than 586 million euros ($712.75 million) to squeeze out minority shareholders of subsidiary MAN SE MANG.DE.

Traton, which owns 94.36% of MAN, said it would pay 70.68 euros per share for the remaining stake, which is a premium of 27% on Friday's closing price.

Volkswagen owns 89.72% of Traton.


($1 = 0.8222 euros)


(Reporting by Chris Steitz; Editing by Andrew Heavens)

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