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MAN Truck & Bus SE Dachauer Straße 667 80339 München, Germany http://www.man.eu/de
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MAN Truck & Bus SE

Sale of majority stake in MAN Ferrostaal to IPIC effective

(PresseBox) (München, )
The International Petroleum Investment Company (IPIC) is the new majority owner of MAN Ferrostaal. The corresponding purchase agreement between MAN AG and IPIC has taken effect following approval by the international antitrust authorities of the deal.

IPIC has acquired 70% of the shares; MAN remains a shareholder maintaining 30%. The price for 100% of the shares amounts to approximately €700 million, depending on the outcome of a mutual option that MAN and IPIC have agreed on for the sale and purchase of the remaining shares.The transaction includes all business activities and subsidiaries of MAN Ferrostaal.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.