Today it was announced that Volkswagen had acquired a 15% interest in MAN AG. MAN has welcomed Volkswagen as a strategic shareholder and views the development as a â€œpositive step in the context of its offer to acquire Scania,â€ a statement said today.
MAN Group has annual sales of around â‚¬13 billion. The company employs around 50,000 people and is responsible for supplying trucks, buses, diesel engines and turbomachines.
MAN Group is also a member of the DAX German Share Index of top thirty Plcâ€™s in Germany.