Proposed Acquisition by Volkswagen AG of MAN SE

Notifying Parties:

Volkswagen AG and MAN SE

Notifying Date:

8 August 2011

Summary of transaction:

PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S))

1. The Applicants

This notification is made jointly by the acquirer, Volkswagen AG (“VW”) and the acquired person, MAN SE (“MAN”) (collectively the "Parties") for the mandatory offer by VW to acquire all no-par value ordinary bearer shares carrying voting rights and no-par preference bearer shares without voting rights of MAN (the “Acquisition”).

2. Description of the merger 
This notification is in relation to the acquisition of sole control by VW over MAN. The Parties submit that given the intense nature of competition, strong countervailing buyer power of customers, low barriers to entry, and other competitive characteristics of the relevant markets, the notified Acquisition will not result in a substantial lessening of competition.

3. Relevant good(s) or service(s) involved
The markets for the supply of: (i) heavy-duty trucks; (ii) city buses, (iii) inter-city buses and coaches; and (iv) diesel engines, and the market for the provision of repair and maintenance services. 

Decision:

The proposed merger, if carried into effect, will not infringe the section 54 prohibition.

Decision Date:

20 September 2011.

Click here for the decision.