MAN AG / Acquisition
15.12.2008
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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MAN AG is to acquire 100% of VW Truck & Bus, which is based in Resende
(Brazil), from Volkswagen AG. The company with an enterprise value of EUR
1,175 Mio. is set to be transferred on January 1, 2009. The executive
bodies of MAN and VW have already granted their approval.
Acquiring the Brazilian company and its strong brand enables MAN to expand
into the South American market, one of the fastest-growing regions, thus
consistently strengthening its commercial vehicles business.
MAN Aktiengesellschaft
The Executive Board
DGAP 15.12.2008
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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:MAN acquires Brazil-based VW Truck & Bus
| Source: EQS Group AG