Business Services Industry
Recent trading activity by three institutions that owned a significant number of shares of MAN AG, the Munich-based holding company that owns the MAN Group, will have no adverse effect on the continued growth of MAN Roland in North America, the company says
Paperboard Packaging, Feb, 2005
Recent trading activity by three institutions that owned a significant number of shares of MAN AG, the Munich-based holding company that owns the MAN Group, will have no adverse effect on the continued growth of MAN Roland in North America, the company says. In early January, three of MAN AG's largest shareholders relinquished their 24.2 percent stake in the company.
Munich-based Allianz, Munich Re, and Frankfurt-based Commerzbank sold 35.6 million common shares to other institutional investors. These three companies told analysts they were reducing their holdings in industrial companies to protect earnings from stock market swings. The value of MAN AG stock remains stable, the company reports.
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