Hitt og þetta 13. september 2006

MAN AG confirms interest in acquiring Scania

Nordic Business Report-September 13, 2006-MAN AG confirms interest in acquiring Scania
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The German commercial vehicles manufacturer MAN AG confirmed on Wednesday (13 September) that it is considering making a bid for the Swedish bus and truck maker Scania.

Scania issued a brief statement on Tuesday evening saying that it had "reasonable grounds" to expect a bid from MAN.

"MAN notes the recent media speculation concerning a possible offer by MAN for Scania and the statement made by Scania last night. MAN believes that the rationale behind combining MAN and Scania is compelling and confirms its interest in such a combination," MAN said.

"Together MAN and Scania would become Europe's leading truck business creating a platform for profitable growth," MAN added.

More information is expected next week.

((Comments on this story may be sent to tww.feedback@m2.com))