(Source: Traton)
Previously, the offer price made by Traton in June+10, 5438 was $35 per share, and then it was raised to $43 per share in September. The final purchase price is subject to the quotation in June of 5438+00, that is, Traton will buy another 83% shares of Navistar at the price of $44.5 per share, and the transaction is expected to be completed in the middle of 202 10/0.
According to the statement of165438+1October 7, Volkswagen will provide a loan worth 3.3 billion euros (about 3.9 billion US dollars) to Traton for this purpose, and the repayment period will be 12 to 65438+August.
Navistar is an internationally renowned truck manufacturer and an important participant in the North American market. Traton produces Scania and MAN trucks, and its sales are heavily dependent on the European and Latin American markets. Traton's acquisition of Navistar aims to challenge industry leaders Daimler and Volvo Group on a global scale.
Previously, Traton was the second largest shareholder of Navistar, holding 16.7%, and has been trying to surpass Carl, the largest shareholder of Navistar. Icahn's shareholding ratio. According to Luft? Aiken? According to the data, as of June 30th, Icahn held 65,438+06.8% shares in Navistar; Mark? Rachaersky? Founded MHR? The fund management company holds nearly 16.4% of the shares of Navistar.
Although analysts greatly appreciate the logic behind Traton's acquisition, after the acquisition is completed, the company will also face difficulties in integrating industrial operations. Over the years, the cooperation between Scania and MAN has been complicated by internal competition. After the cost-sharing projects of the two companies failed to stop the sharp decline in revenue, Traton began a deep restructuring of MAN.
In addition to the acquisition of Navistar in the United States, Traton has been expanding its business in the Asian market. Last month, the company announced that it would expand its existing cooperation with Hino, a subsidiary of Toyota Truck, to jointly develop electric battery and fuel cell trucks.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.