MAN and Allianz Capital Partners conclude agreement

MAN AG and Allianz Capital Partners (ACP) have concluded agreements on the sale of MAN Roland Druckmaschinen AG to a joint investment company. The sale is based on a value of €856 million for the MAN Roland Group. As well as acquiring the shares in MAN Roland Druckmaschinen AG, the investment company, in which MAN holds 35 per cent and ACP 65 per cent, will also be taking over the entire business activities and all subsidiaries, including existing liabilities.

The partners ACP and MAN will be financing the transaction out of equity up to an amount of €275 million. A consortium led by Bayerische Hypo- und Vereinsbank AG will be providing the necessary loan facilities. Completion of the sale is subject to the approval of the relevant antitrust authorities and is expected in the near future.