MAN Roland Says Stock Trade Will Not Impede Its Growth in North

"This is the opposite of what happened to one of our competitors last spring," said Yves Rogivue, CEO of MAN Roland Inc. "Its shares had lost about half of their value over a two-year period. MAN AG stock has more than doubled over the same period."

The rapid growth in MAN AG's share price may have precipitated the recent action by Allianz and its partners. "Germany has amended its capital gains law," Rogivue explained. "They used to tax shareholders from taxes on book value increases. That law has changed a few years ago. Recent discussions by the German government have brought up the possibility to switch the tax law back to the old system."