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The acquisition of the German public to apply for European Commission approval of Man

According to Reuters, September 26, 2011, Volkswagen of the European Commission antitrust approval for its acquisition of truck maker Man completely (MANSE) cleared the road.

    The European Commission said in a statement, the transaction is not found in any competitive situation could lead to fluctuations in the relevant Reuters last week confirmed reports. Commission executive director, said: "After the investigation committee, the acquisition is completed, the European heavy truck and bus market will remain competitive situation."

    Volkswagen on May 31, 2011 to the truck manufacturer Manti a formal offer. In early July, Volkswagen said the company has acquired the German truck maker MAN's 55.9% stake. August 23, Volkswagen presented to the European Commission antitrust approval to apply for approval of its acquisition of over Man.

    The next step will be to promote the public's truck maker Scania and Man of the merger, to form a large commercial vehicle manufacturer in the truck business and the German Daimler, Volvo, Sweden and Italy Iveco truck to compete; in passenger car business with Daimler, Iveco, VDL and Poland Solaris and other competition.

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