MAN SE
DGAP-Ad-hoc: MAN SE / Key word(s): Strategic Company Decision/Restructure of Company In the context of achieving capital market readiness of TRATON AG, Volkswagen AG and TRATON AG with consent of their respective corporate bodies today have agreed on the sale of the 76% stake of MAN SE in listed Renk Aktiengesellschaft and the 100% stake of MAN SE in MAN Energy Solutions SE to a subsidiary of Volkswagen AG. The purchase price will correspond to the expected IFRS equity book value of these participations as of 31 December 2018 in the amount of approx. EUR 1.85 bn. to approx. EUR 2.05 bn. In addition, the indirect 100% participation of MAN SE in MAN Energy Solutions USA, Inc., will be sold and transferred to a subsidiary of Volkswagen AG for a purchase price of approx. USD 99 m. The transferred entities form MAN group's business area Power Engineering. The sale is intended to be completed by year-end 2018. As a result of this transaction, TRATON AG will become the lead company of a pure truck & bus group. Munich, 25 October 2018 MAN SE
25-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | MAN SE |
| Dachauer Str. 641 | |
| 80995 München | |
| Germany | |
| Phone: | +49 (0)89 360 98-334 |
| Fax: | +49 (0)89 360 98-572 |
| E-mail: | investor.relations@man.eu |
| Internet: | www.corporate.man.eu |
| ISIN: | DE0005937007, DE0005937031 |
| WKN: | 593700, 593703 |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| End of Announcement | DGAP News Service |
737951 25-Oct-2018 CET/CEST
