MAN will grant concessions to Scania major shareholder, Investor, in order to secure control of Scania.
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MAN CEO Håkan Samuelsson told the German financial newspaper Handelsblatt that it would give Investor more say in the structure of the new company and welcome Investor as a major shareholder in the newly merged MAN/Scania.
Samuelsson also ruled out extending the deadline of its offer to shareholders beyond the current deadline of 31 January.
Investor is the second largest shareholder in Scania after Volkswagen. VW has made its decision on the merger dependent on Investor’s approval, to avoid any conflict of interest, since it is also the major shareholder in MAN.
Samuelsson also said in the interview that he imagined Investor could have a seat on the MAN supervisory board, and that the merged company could be structured as a European Company (SE), with its headquarters in Munich.
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By GlobalDataLast month the European Commission approved the proposed takeover of Scania by MAN.
