MAN says raised option on Scania's voting stock

Newswire

FRANKFURT, Dec 24 (Reuters) - MAN AG has bought call options on the stock of Scania AB , giving it access to more than 20 percent of the Swedish truck maker's voting rights, the German industrial conglomerate said early on Wednesday. "This move by MAN underscores the company's long-term strategic interest in its Scania investment," the German company said in a statement without disclosing financial details. The deal marks another step toward a three-way truck deal that analysts expect to ...

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