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    MAN   DE0005937007

MAN SE

(MAN)
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Traton SE completed the acquisition of remaining 5.6% stake in MAN SE.

08/31/2021 EDT

Traton SE (XTRA:8TRA) made the offer to acquire remaining 5.6% stake in MAN SE (XTRA:MAN) for approximately €560 million on May 8, 2021. Traton SE made the offer to acquire common and preferred shares at €70.68 per share. The conclusion and notarization of the merger agreement between TRATON SE and MAN SE are to take place on May 14, 2021. Post completion, MAN SE will become wholly owned subsidiary of Traton SE. The effectiveness of the merger squeeze-out is still subject to the resolution by the Annual General Meeting of MAN SE and the registration of the transfer resolution and the merger in the commercial registers at the registered offices of TRATON SE and MAN SE. The shareholder's meeting of MAN SE is scheduled on June 29, 2021. As of June 29, 2021, the transaction has been approved by the shareholders of MAN SE. The squeeze-out must be entered in the relevant commercial register for the merger to take effect. All of MAN’s assets will be transferred to TRATON with the merger. MAN SE will cease to exist as an independent legal entity. Jochen Vetter, Oliver Rieckers, Petra Mennicke of Hengeler Mueller acted as legal advisors to MAN SE. Rick van Aerssen, Sabrina Kulenkamp, Kai Hasselbach, Elmar Schnitker, Martin Schiessl and Christian Decher of Freshfields Bruckhaus Deringer LLP acted as legal advisors to Traton SE. Traton SE (XTRA:8TRA) completed the acquisition of remaining 5.6% stake in MAN SE (XTRA:MAN) on August 31, 2021.


© S&P Capital IQ 2021
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Analyst Recommendations on MAN SE
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Financials
Sales 2020 10 838 M 12 619 M 12 619 M
Net income 2020 -432 M -503 M -503 M
Net Debt 2020 2 308 M 2 687 M 2 687 M
P/E ratio 2020 -14,6x
Yield 2020 0,26%
Capitalization 10 432 M 12 352 M 12 146 M
EV / Sales 2019 0,69x
EV / Sales 2020 0,79x
Nbr of Employees 38 486
Free-Float 9,53%
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Income Statement Evolution
Managers and Directors
Andreas Tostmann Chief Executive Officer
Christian Schenk Chief Financial Officer
Matthias Grundler Chairman-Supervisory Board
Michael Behrendt Independent Member-Supervisory Board
Julia Kuhn-Piëch Member-Supervisory Board
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