Fitch: Volkswagen unchanged

Fitch Ratings said that Volkswagen Group's (BBB+/positive/F2) mandatory offer on MAN SE's capital does not have any impact on its ratings.

Following the increase in its voting rights in MAN to 30.47% from 29.9%, VW announced that it would make a mandatory offer to all MAN shareholders, the agency said. This deal will be positive from an operational standpoint and will not jeopardize the group's strong financial metrics.

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