Traton SE (XTRA:8TRA) submitted a proposal to acquire remaining 5.64% stake in MAN SE (XTRA:MAN) on February 28, 2020. Under the terms of the transaction, Traton will pay in cash to all minority shareholders of MAN SE. As a result of the merger, MAN Truck & Bus SE and Scania AB will become wholly owned direct subsidiaries of TRATON SE. The supervisory board of TRATON and the board of Volkswagen AG approved the transaction. On May 11 2020, MAN SE postponed the annual general meeting as no shareholder resolution on squeeze out merger was passed and a new date for annual general meeting will be published in due time.

Traton SE (XTRA:8TRA) cancelled the acquisition of remaining 5.64% stake in MAN SE (XTRA:MAN) on September 17, 2020. TRATON SE has decided not to execute the transaction, as, for the time being, MAN SE shall focus on its tasks from the realignment announced on September 11, 2020 and the handling of the impact from the Covid-19 pandemic. The full corporate integration of MAN SE into TRATON SE shall be pursued further in 2021.