BERLIN, May 8 (Reuters) - Volkswagen truck unit Traton 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.
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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May 08, 2021 at 10:52PM
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VW's Traton proposes hefty premium for full control of MAN trucks - Reuters
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