Truckmaker MAN AG ups stake in rival Scania -report

Newswire

FRANKFURT, Jan 26 (Reuters) - German truckmaker MAN AG has further raised its stake in Swedish rival Scania to over 16 percent of votes, the German weekly Euro am Sonntag reported, citing unidentified financial sources. The two companies said in December that MAN AG had increased its voting stake to 15.57 percent, a move which a MAN AG spokesman said at the time reflected its strategic interest in closer cooperation. Under German law MAN AG doesn't have to comment on any further increase ...

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