MAN ‘optimistic’ over Scania takeover

German engineering conglomerate MAN said Thursday that it remained optimistic about its chances of taking over Swedish truck maker Scania after booking higher profits in the third quarter.

MAN, which has recently transformed itself from a widely diversified group to focus on trucks, diesel engines and turbo systems, said in a statement it booked bottom-line net profit of 325 million euros (415 million dollars) in the period from July to September, up 80 percent on the year.

Operating profit jumped by 64 percent to 279 million euros on an 18-percent rise in sales to 3.3 billion euros.

All divisions contributed to growth, driven by restructuring measures and favourable economic conditions, MAN said.

Looking ahead to the whole year, MAN was targetting operating profit in excess of one billion euros, and higher sales, the group said.

The group’s Swedish chairman Håkan Samuelsson, a Scania director before joining MAN, said he was optimistic with regard to MAN’s planned takeover of Scania, despite Swedish group’s rejection of the move.

“I’m convinced that we’ll reach a positive outcome,” Samuelsson said.

MAN is expecting to publish its latest takeover offer for Scania in mid-November. It plans to raise additional capital to finance the deal.


‘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.