04 jun: Europa/aktier: Blandet bedring med finans i front
06 jun: Ratingbureau: Grækere kan ryge ud af euroen
05-06-2012 16:23:00

Volkswagen Lifts Stake In Truck Maker MAN Beyond 75%

Relateret indhold

By Christoph Rauwald

FRANKFURT--Volkswagen AG (VOW.XE) Tuesday tightened its grip on German truck maker and engineering firm MAN SE (MAN.XE) by lifting its voting stake above 75%, marking the next step towards forging a truck alliance with Sweden's Scania AB (SCV-A.SK) to take on global market leaders Daimler AG (DAI.XE) and Volvo AB (VOLV-B.SK).

"This marks a further important milestone for achieving our joint goals in the commercial vehicles business," Volkswagen Chief Executive Martin Winterkorn said in a statement.

Volkswagen said it will be "putting every effort into leveraging synergies and substantial growth potential" in the group's commercial vehicles business.

News of Volkswagen's increased stake in MAN follows the announcement of a wide-ranging management reshuffle at the automotive group including appointments at its truck-making activities. Leif Ostling, the chief executive of VW's Swedish truck brand, Scania AB, will join Volkswagen's management board and succeed Jochem Heizmann as truck chief. Mr. Heizmann will take on a new management-board post responsible for Volkswagen's Chinese operations.

The truck business has emerged as a second pillar for Europe's largest car maker after it acquired majority stakes in MAN and Scania in recent years.

Mr. Winterkorn said MAN will "retain its operational autonomy" while its power-engineering unit, which produces large diesel engines and other machinery, would remain "a solid part" of the Munich-based firm.

Under German stock market rules, investors have to disclose if they cross the 75% stake threshold. Volkswagen so far held a stake of just below 75% in MAN.

On Saturday, VW Chief Financial Officer Hans-Dieter Poetsch reiterated the company is keeping all options open for the future structure of its truck alliance. This includes a so-called domination agreement under German stock market rules, which would give VW access to all MAN cash flows. A domination agreement requires a 75% voting majority at shareholder meetings.

-Write to Christoph Rauwald at christoph.rauwald@dowjones.com

(END) Dow Jones Newswires

June 05, 2012 10:23 ET (14:23 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Shipping: Baltic Dry-indekset falder 0,6 pct. til 1147 point

26-04-2017 14:05:11
Tørlastindekset Baltic Dry falder onsdag for syvende børsdag på stribe - denne gang med 0,6 pct. til 1147 point. Det fremgår af data fra Bloomberg News.Baltic Dry-indekset udarbejdes af London-baserede Baltic Exchange og dækker priserne for at få fragtet last som kul, korn og jernmalm. Indekset er baseret på en daglig rundspørge til mæglere over hele verden.Baltic Dry ramte et foreløbigt højdepunk..

Express Scripts lider efter afsked med megakunde - citat

26-04-2017 09:10:44
Express Scripts, der er USA's største indkøber af medicin, er havnet i en krise, efter at selskabet mistede sin største kunde, sundhedsforsikringsselskabet Anthem. Forsikringsselskabet har hidtil bidraget med 17,1 mia. dollar til Express Scripts toplinje (på cirka 100 mia. dollar i 2016, red.).Det skriver the Wall Street Journal.I flere år har Express Scripts været stolte over, at have en simpel f..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/Danske: Tre vigtige døgn venter aktiemarkederne
2
Trumps skattereform koster dyrt - citat
3
Aktier/tendens: Positive takter i regnskabsstorm og venten på Trump
4
Aktier/åbning: Novozymes spurter frem og trækker eliteindeks med sig
5
Novozymes leverer højere vækst end ventet fra årets start

Relaterede aktiekurser

Volvo AB ser B 147,80 0,0% Aktiekurs uændret
VW 160,00 0,0% Aktiekurs uændret
VW VZ 159,10 0,0% Aktiekurs uændret
Volkswagen 148,59 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
27. april 2017 05:26:43
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170403.1 - EUROWEB7 - 2017-04-27 05:26:43 - 2017-04-27 05:26:43 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x