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.