VW takes controlling stake in MAN

July 4, 2011
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German car giant Volkswagen has taken a 56% controlling stake in MAN, the German truckmaker which has its UK HQ in Swindon.

The move, the result of a mandatory offer for MAN shares on the Frankfurt stock exchange, adds a second company to VW's truck business on top of Swedish firm Scania.

With control of MAN, VW said it is looking to create 'synergies' between MAN, Scania and Volkswagen.

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