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MAN

Wallenbergs could chair merged truck giant

German group MAN could offer chairmanship of a combined group with Swedish truckmaker Scania to Investor, controlled by the powerful Wallenberg family, media in Sweden said on Monday.

“The German truck giant MAN wants to offer the Wallenberg family and Investor the chairmanship of the new MAN, which would own both Scania trucks and MAN,” financial daily Dagens Industri (DI) reported.

Scania has been the subject of a hostile takeover bid by the German conglomerate since September.

The chairmanship of a combined group is a key element in a package MAN has drawn up to convince Investor, currently against a tie-up, to agree to talks, according to DI, which did not identify its source.

Through Investor and its own shares the Wallenberg family has a 29 percent share of voting rights in Scania.

In line with Scania, Investor rejected MAN’s most recent October 12 offer of 475 kronor or 51.29 euros per share, upped from an initial 442 kronor.

Dagens Industri said MAN’s offer, currently 20 percent shares and 80 percent cash, could be altered to increase the number of shares to “respond to a possible expression of interest from Investor and the Wallenbergs.”

German carmaker Volkswagen (VW), which owns 18.7 percent of Scania’s share capital and 34 percent of its voting rights, has called on MAN and Investor to conclude talks by November 17, DI recalled.

At the end of last week however, discussions between Scania and MAN had not yet started.

VW has rejected a hostile takeover and has called for a three-way alliance to include its heavy truck production in Brazil.

FOOTBALL

‘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.