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December 8, 2009updated 12 Apr 2017 4:29pm

MAN seeks controlling stake in truck lessor

German heavy commercial vehicle manufacturer MAN intends to acquire a majority share in truck leasing company Euroleasing, giving it access to a fleet of some 1,000 vehicles.

By Fred Crawley

German heavy commercial vehicle manufacturer MAN intends to acquire a majority share in truck leasing company Euroleasing, giving it access to a fleet of some 1,000 vehicles.

MAN had originally had a 25.1 percent stake in Euroleasing, but this was diluted to 16 percent after a capital increase.

Now a company spokesman has said that the truck maker wishes to buy another stake of 33.39 percent, in order to achieve a majority.

No financial terms have yet been disclosed, and the deal is awaiting anti-trust approval.

Fred Crawley

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