Share this page

To overview

MAN SE

MAN and IPIC close Ferrostaal transaction

MAN and IPIC close Ferrostaal transaction

The settlement agreement between commercial vehicle and engineering group MAN and Abu Dhabi-based International Petroleum Investment Company (IPIC) regarding the repurchase of shares in Ferrostaal has been completed. This also renders MAN’s agreement with Hamburg-based MPC Group — whereby MPC will acquire 100 percent of the Ferrostaal shares from MAN immediately afterward — fully effective. The transaction has been implemented as agreed in November 2011. Ferrostaal is now part of the MPC Group.