UPDATE 2-VW drops plans to take control of MAN at AGM

Newswire

Jun 27 () - * MAN annual general meeting being held in Munich * VW to have 5 representatives on MAN supervisory board * VW Chairman Piech, CEO Winterkorn to be on board * MAN shares up 0.1 percent, VW up 1 percent (Rewrites with VW statement, adds background) FRANKFURT/MUNICH, June 27 (Reuters) - Volkswagen dropped plans on Monday to take effective control of truckmaker MAN's supervisory board, pressured by the European Union to hold off until it gets approval for a wider alliance. ...

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