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Company Statement: MAN - IPIC takes over majority of MAN Ferrostaal

( January 10, 2009, 10:03 GMT | Official Statement) -- ****************************************The International Petroleum Investment Company of Abu Dhabi (IPIC) is taking over 70% of the shares of MAN Ferrostaal AG, Essen, from MAN AG, Munich. The German industrial group MAN will stay invested as a shareholder maintaining 30%. A Share Purchase agreement between the two companies was signed accordingly. The effectiveness of the purchase (closing) depends on the agreement of international antitrust authorities. The signature has been officially celebrated on January 10 in Abu Dhabi. It has been consented not to disclose details of the agreement....

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