MAN AG / Letter of Intent
07.10.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Effective from January 1, 2008, MAN AG is selling 70% of its shares of MAN
Ferrostaal AG, Essen, to International Petroleum Investment Company (IPIC)
of Abu Dhabi. A letter of intent was signed accordingly. The governing
bodies have agreed to this step. The objective of the partnership is to
realise potential for growth and to open up market potential for MAN
Ferrostaal in the area of future technologies. It has been consented not to
disclose details of the agreement prior to the close of the contract.
With this step, MAN is now sustainably concentrating on the manufacturing
business areas in Transport-Related Engineering. This focus improves the
conditions for sustainable growth in all areas.
The Executive Board
October 07, 2008
DGAP 07.10.2008
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Language: English
Issuer: MAN AG
Landsberger Str. 110
80339 München
Deutschland
Phone: +49 (0)89 360 98-334
Fax: +49 (0)89 360 98-556
E-mail: investor.relations@man.eu
Internet: www.man.eu
ISIN: DE0005937007
WKN: 593700
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: MAN AG: New partnership for MAN Ferrostaal
| Source: EQS Group AG