VW has raised stake in MAN to around 20 pct - CFO

Newswire

FRANKFURT, Oct 27 (Reuters) - Volkswagen has raised its stake in German truckmaker MAN AG to around 20 percent, VW Chief Financial Officer Hans Dieter Poetsch said on Friday. "Currently the shareholding in MAN is around 20 percent," he told a conference call when asked about VW's having informed German cartel authorities that it intended to raise its stake in MAN to more than 25 percent from the 15.1 percent last disclosed. He reiterated that VW did not intend to raise its MAN stake ...

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