MAN shareholding sale will herald a new era

MAN Rolands chief executive GerdFinkbeiner has said he is proud and enthusiastic about its sale of a majority shareholding to private equity firm Allianz as it will bring the firm into a new era.

Speaking at the company's Ipex press conference, Finkbeiner outlined how MAN was now committed to moving towards a public listing in three to five years.

"We have to demonstrate that this company grows," he said. "Growth is a prerequisite to a successful listing."

Finkbeiner aims for much of the growth to be organic, but hinted that further acquisitions are on the agenda.

"Consolidation and further concentration will, and must, happen," he said. "Not only with publishers and printers, but also on the side of the manufacturers."

Finkbeiner added that he would be stepping down as an executive board member of the MAN Group, enabling him to dedicate more time to the press division.

He said MAN would be looking to developing countries such as Brazil, Russia, India and China to establish new companies.