MAN-Scania talks ‘collapse’

Talks between German engineering conglomerate MAN and Swedish truckmaker Scania about a possible merger have collapsed, the Frankfurter Allgemeine Zeitung said on Wednesday.

The report said MAN could now only take control of Scania through a hostile takeover.

Scania, its major shareholder Investor and MAN have failed to find enough common ground, especially on the issue of synergies to cut costs, the report said, quoting sources close to the Swedish group.

MAN could make Scania shareholders an improved offer of 475 kronor (52 euros) a share this week, valuing the Swedish group at 10.2 billion euros, the newspaper said.

Scania has fought off two merger bids from MAN.

The next step in the dispute will largely depend on Volkswagen, the biggest shareholder in both companies, the paper said.

Volkswagen has said it would prefer a friendly deal that would also include VW’s Brazilian trucking business.

It has set November 17 as a deadline for both companies to reach agreement. Failing that, it could support a hostile bid by MAN.


‘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.