The VW commercial vehicle subsidiary Traton has made its takeover offer for its US partner in the midst of the Corona crisis Navistar vigorously topped up. The holding company for the brands MAN and Scania now wants to pay almost $ 3.6 billion for the remaining shares in the truck manufacturer, in which it already has a 16.8 percent stake, as the company announced. That is around 700 million US dollars more than previously offered.
Traton has now raised the $ 35 offer submitted at the end of January to $ 43 per Navistar share. It would be the first major acquisition for Traton since going public in June last year. In the US commercial vehicle market, Volkswagen plays differently than its rivals Daimlerand Volvo – hardly a role so far.
The one noted in the SDax Traton share lost 2.5 percent.
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