Scania: VW’s MAN purchase ‘may change’ situation

Swedish truckmaker Scania said Volkswagen's purchase of a 15 percent stake in MAN 'may change' the situation regarding MAN's bid for Scania, while Scania's major shareholder Investor reiterated that it is prepared to look at "all alternatives" for the truck and bus manufacturer.

Scania and its two largest shareholders, VW and Investor, have all formally rejected MAN’s €9.6 billion eur cash offer.

However, all sides appear to be keeping their options open.

“We have said we are open to looking at all the alternatives but we want to do what’s best for Scania and our shareholders,” said Fredrik Lindgren, head of investor relations at Investor.

“Today’s purchase in MAN by VW does not affect our position when it comes to Scania,” he said.

At Scania, Cecilia Edström, head of corporate information, said VW’s move may alter the outlook for MAN’s bid for Scania.

“It may change the bid situation. It hasn’t happened yet but it may,” Edström told AFX.

Edström declined to say whether she expects MAN to raise its bid for Scania and she would not divulge any further details.

Investor holds 19.3 percent of Scania’s voting rights, while VW owns 34.32 percent of the voting rights and 18.7 percent of Scania’s share capital.


‘Zlatan is a very intelligent guy and a very proud man’

Manchester United manager José Mourinho is looking forward to working with Zlatan Ibrahimovic again next season after declaring the Swedish striker's contract extension will be a formality.

'Zlatan is a very intelligent guy and a very proud man'
Zlatan Ibrahimovic representing Manchester United in the Boxing Day match. Photo: AP Photo/Rui Vieira

Ibrahimovic, 35, arrived from Paris Saint-Germain in July on a one-year deal with an option for a further year, which Mourinho in November indicated United would look to take up.

After the footballer scored once and made two goals in United's 3-1 win over Sunderland on Monday, Mourinho said the clause had not been activated yet, but would be.

“It is activated in his brain and it is activated also in my decisions and in the owners' and the board's. So it is no problem,” said Mourinho.

Ibrahimovic's goal agains Sunderland means that he has scored 50 times across all competitions for club and country during 2016, the year he retired from international football with Sweden.

“I am not really surprised because he is a very intelligent guy and a very proud man,” Mourinho said.

“He decided to come to Manchester United and to the Premier League, to a club with the level of expectation of Manchester United, in the most difficult league in the world for a striker.

“When he decides to come here, it is because he knows he can do it.”

“When we contacted him and he said, yes, he will come, I was sure that he was not coming here to leave the Premier League without proving himself.”

“To leave the Premier League having failed at Manchester United? No way. When such a guy decided to come, I was completely clear that he would be ready and he is ready for more next season. He will be here again,” said Mourinho.

Ibrahimovic set up Daley Blind to put United ahead in the 39th minute and then ran through to score from Paul Pogba's pass before setting up Henrikh Mkhitaryan for a spectacular 'scorpion kick' volley.

United secured a fourth successive Premier League win, and extended their unbeaten record in all competitions to 11 matches.