MAN mulls up to 10 pct VW stake buy for around 2 bln eur - report

Date : 11/05/2006 @ 11:03AM
Source : TFN
Stock : Man Ag (MAN)
Quote : 50.57  0.88 (1.77%) @ 4:38PM
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MAN mulls up to 10 pct VW stake buy for around 2 bln eur - report

        FRANKFURT (AFX) - MAN AG is examining the possibility of acquiring up to a
10 pct stake in Volkswagen AG in a deal valued at around 2 bln eur, weekly Focus
magazine reported in a prerelease of tomorrow's edition, citing sources.
    It said MAN chief executive Hakan Samuelsson has already discussed such a
possibility with his VW counterpart Bernd Pischetsrieder.
    It said by acquiring a 10 pct stake in VW, MAN will be able to have more
influence in managing a planned alliance of MAN, Scania AB and VW's truck
businesses.
    The report said Pischetsrieder is interested in MAN holding some shares in
VW because it would ensure that in addition to Porsche AG and the federal state
of Lower Saxony, VW has a reliable shareholder.
  

marilyn.gerlach@afxnews.com
mog/jlw

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