VW ups MAN stake to 29.9 pct, seeks MAN/Scania deal

Newswire

FRANKFURT, Feb 27 (Reuters) - Volkswagen has increased its stake in German truckmaker MAN AG to 29.9 percent from around 20 percent in a move that VW said on Tuesday could help foster a merger between MAN and Sweden's Scania . "The board of management of Volkswagen is convinced that this level of participation in MAN is both helpful and adequate to allow all parties to find a friendly and mutually agreeable solution for combining MAN and Scania," VW said in a statement. "Realising the ...

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