VW confirms to seek MAN stake above 25 pct

Newswire

FRANKFURT, Oct 27 (Reuters) - Volkswagen confirmed on Friday that it has informed Germany's Federal Cartel Office that it plans to raise its minority stake in truckmaker MAN to above 25 percent. The agency had earlier said VW had filed plans to increase its stake to as high as 30 percent from 15.1 percent now.

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