VW closes in on trucks alliance after MAN deal approved

Newswire

HANOVER, Germany, April 25 (Reuters) - Volkswagen has moved a step closer to combining the three trucks businesses it owns, with a deal to take full financial and strategic control of MAN SE. Europe's biggest carmaker said on Thursday the supervisory boards of both companies had approved the so-called domination and profit and loss transfer agreement. Under the deal, Volkswagen (VW), which already owns 75.03 percent of MAN, will offer 80.89 euros per share for ...

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