MAN AG Can Sell Rest of Ferrostaal in 2010
MAN AG can sell its remaining 30 percent stake in the Ferrostaal division to Abu Dhabi’s International Petroleum Investment Co. in early 2010, the Financial Times Deutschland reported.
The Munich-based truck maker and IPIC have agreed on options that will allow MAN to sell the stake and permit IPIC to demand the purchase, the newspaper reported, citing MAN Chief Financial Officer Karlheinz Hornung. It’s not clear when a transaction will occur, FT Deutschland said.
MAN, Europe’s third-largest truck maker, said last month it agreed to sell a 70 percent stake in Ferrostaal, which designs oil and petrochemical plants, to IPIC for an undisclosed sum to concentrate on trucks and engines.
Views:0
- 680HP X6000, Specifically Designed for Efficient Logistics 2023-05-26
- China’s Most Powerful Tractor Unit Launched 2023-05-11
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb 2023-03-22
- SHACMAN Delivers Trucks to Customer in Middle East 2023-03-17
- SHACMAN Trucks Were on Display at Bombay Truck Show in New Zealand 2023-02-07
- CATL's German Plant to Ramp up Its Production 2023-02-06
- Jing-Jin Electric Shines at CTI Symposium Germany 2022 2022-12-29
- CATL's German Plant Starts Serial Production of Lithium-ion Battery Cells 2022-12-22
- SHACMAN Aims to be a Premium Chinese Brand in Mexico 2022-11-30
- Jiefang's CV Manufacturing Site in Guanghan to Start Operation in June 2023 2022-11-04
Submit Your Requirements, We Are Always At Your Service.
- World’s First All-electric Scania Car Transporter Goes into Service
- China’s First Mining Specialized Remote Sensing Satellite Launched
- SINOTRUK Delivers Full Year 2022 Results, Heavy Truck Sales Down 52.50%
- FOTON and Cummins Team up to Build a New Engine Plant in Thailand
- SANY Awarded as 2022 Forbes China TOP 50 Sustainable DEV Industrial Enterprises
- Daimler Trucks and Buses Signs Deal with XCMG Fire Fighting
- FAW Jiefang Sichuan Branch Was Officially Established
- Bus & Truck Expo Set to be Held in May 2023
- Yutong, SCG Signed MoU for Green Mining in Thailand
- CAT Displays Its First Battery Electric Large Mining Truck
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
- China's Truck Exports Grew by 42% YOY to 53,000 Units in November
- Heavy Truck Sales in China Fell by 9% YoY to 46000 Units in Nov.
