TRATON successfully completes merger squeeze-out of MAN SE
- Transfer resolution and merger have been entered in the commercial register
- MAN SE shares will be delisted shortly
Munich, August 31, 2021 – Today, the transfer resolution of the Annual General Meeting of MAN SE that took place on June 29, 2021 — which stipulates the transfer of shares held by the remaining shareholders of MAN SE to TRATON SE against payment of an appropriate cash compensation — has been entered in the commercial register of TRATON SE.
The merger of MAN SE with TRATON SE was also registered at the same time, so that all shares held by minority shareholders have now been transferred to TRATON SE.
The merger between MAN SE and TRATON SE became effective at the same time, with MAN SE ceasing to exist as a legal entity. This means that TRATON SE has successfully completed the merger squeeze-out of MAN SE.
As a result of this merger, MAN Truck & Bus SE and Scania AB, in particular, will become wholly owned direct subsidiaries of TRATON SE. This enables TRATON to make the overall structure of the Group even more efficient, implement decisions more quickly, and reduce administrative expenses.
The cash compensation was set at €70.68 per common and preferred share and will be paid out in the next few days.
MAN SE shares will be delisted shortly.
Head of Corporate Communications
T +49 170 225 0016
Dachauer Str. 641 / 80995 Munich / Germany
With its brands Scania, MAN, Volkswagen Caminhões e Ônibus, Navistar, and RIO, TRATON SE is one of the world’s leading commercial vehicle manufacturers. Its range includes light-duty commercial vehicles, trucks, and buses. The Group aims to reinvent transportation — with its products, its services, and as a partner to its customers. For TRATON, sustainable economic growth always includes treating people and nature with respect. The People, Planet, and Performance triad will shape the future of our Company.