MAN AG says has no intention to sell Scania stake


MUNICH, July 31 (Reuters) - German industrial group MAN AG rejected speculation that it could sell its near 15 percent voting stake in Swedish rival Scania , Chief Executive Hakan Samuelsson told an analyst conference call. "We're quite happy with our Scania stake and have no intention of selling it," he said, when asked whether there could be a better use of its cash than holding Scania shares should efforts to merge with its rival prove fruitless. Samuelsson also specified that the ...

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