VOLKSWAGEN
Two days after Volkswagen took control of the lorry manufacturer Swedish Scania, the main union representative VW said it considered conceivable a resumption of MAN, Scania German counterpart.
"It is conceivable that soon MAN also incorporates the bosom of Volkswagen," said Bernd Osterloh Reuters Wednesday at the Geneva car show.
However, there was an immediate no concrete project that VW notes its stake in MAN, which is approaching 30%, to make it Majority, said Osterloh, who sits on the supervisory board of Volkswagen.
He added that the current participation of VW in MAN was sufficient to make important decisions at a meeting of shareholders.
Volkswagen announced Monday be reached agreement with Investor AB and the foundations of the Wallenberg family to buy their stake in Scania and wear and to 69% voting rights in the Swedish truck manufacturer.
The operation could pave the way for a rapprochement between Scania, the truck-MAN and those of VW in Brazil, but analysts believe that Volkswagen could generate far more important synergies by combining Scania with the commercial vehicle division of MAN .
A takeover would place indeed MAN enjoyed in the holding company control group that Porsche said Monday that its supervisory board had authorized an increase in the share capital of VW from 31% to over 50%.
Although over 50% stake in VW, Porsche will not have the obligation to launch a takeover bid for the entire manufacturer inasmuch as it had done over the past year to offer legal minimum price that few investors had accepted
"It is conceivable that soon MAN also incorporates the bosom of Volkswagen," said Bernd Osterloh Reuters Wednesday at the Geneva car show.
However, there was an immediate no concrete project that VW notes its stake in MAN, which is approaching 30%, to make it Majority, said Osterloh, who sits on the supervisory board of Volkswagen.
He added that the current participation of VW in MAN was sufficient to make important decisions at a meeting of shareholders.
Volkswagen announced Monday be reached agreement with Investor AB and the foundations of the Wallenberg family to buy their stake in Scania and wear and to 69% voting rights in the Swedish truck manufacturer.
The operation could pave the way for a rapprochement between Scania, the truck-MAN and those of VW in Brazil, but analysts believe that Volkswagen could generate far more important synergies by combining Scania with the commercial vehicle division of MAN .
A takeover would place indeed MAN enjoyed in the holding company control group that Porsche said Monday that its supervisory board had authorized an increase in the share capital of VW from 31% to over 50%.
Although over 50% stake in VW, Porsche will not have the obligation to launch a takeover bid for the entire manufacturer inasmuch as it had done over the past year to offer legal minimum price that few investors had accepted
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1:07 PM
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