Volkswagen: to relaunch takeover bid on Navistar?

(CercleFinance.com) - According to Bloomberg, Volkswagen, Traton's parent company, is thinking about relaunching its project to acquire Navistar International.


Last January the group had offered to pay 35 dollars per share to buy the US group. This represents a total of 2.9 billion dollars in cash. Volkswagen currently owns almost 17% of Navistar.

Navistar had signed a partnership agreement with the German car giant Volkswagen in 2016, which made an investment in the US truck manufacturer to take a 16.6% stake in its capital.

The German group is represented on Navistar's board of directors and is one of its main technological partners.

This partnership mainly focuses on common propulsion systems, but also includes collaboration in other aspects of the development of future commercial vehicles.


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