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Traton CEO Says He Keeps Watchful Eye on Market Developments As H1 Orders Fell
Traton SE Says Placement Price For Traton Shares Set At EUR 27.00 Per Share
Traton SE IPO Bookrunner Says Price Guidance Of €27.00 - €28.00 Per Share
Traton SE is a Germany-based manufacturer of commercial vehicles. The Company operates through a number of brands, which includes MAN, a commercial vehicle manufacturer, which specializes in the production of vans, as well as city buses and intercity and travel coaches; Scania, which provides transport solutions, heavy duty vehicles for long-distance and distribution transport, as well as construction vehicles; Volkswagen Caminhoes E Onibus, which is a provider of light-to heavy-duty trucks and bus for markets, such as Latin America and Africa, and Rio, which is a global brand for digital services in the transport industry that offers an open, vendor-neutral and cloud-based platform for freight transport.
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Traton Chief Financial Officer Christian Schulz on Monday said the truck and bus maker currently sees no need to draw up additional plans to prepare for a no-deal Brexit and would review the matter later in the year.
German truck maker Traton <8TRA.DE> warned that its order intake had fallen in the first half, even as its operating profit rose 25% on the back of a rise in sales at Scania and a recovery in key markets like Brazil.
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