UPDATE 1-Nordwind buys part of MAN unit SHW for 100 mln eur

Newswire

(Adds background, share price) FRANKFURT, July 27 (Reuters) - Nordwind Capital has bought the automotive business of MAN AG unit SWH for 100 million euros ($121 million), with the German state of Baden-Wuerttemberg and MAN to split the proceeds, the state said on Wednesday. Baden-Wuerttemberg had said last week it was in exclusive talks with Nordwind about SHW and that a sale was expected before the end of the year. In late May, SHW, short for Schwaebische Huettenwerke, sold its ...

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