Tuesday 25th Oct 2016 - Logistics Manager

VW makes offer for MAN

Volkswagen has increased its holdings in MAN SE from 29.9 per cent of ordinary shares to 30.47 per cent, which automatically initiates a mandatory public tender offer to the shareholders of MAN.

MAN SE will evaluate the offer once it has been published. It says it expects to continue strategic discussions with Volkswagen and Scania.