FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo
Traton, Volkswagen’s (VOWG_p.DE) truck unit, said it owns a 16.8% stake in Navistar.
Traton has agreed to pay $35 per Navistar share.
(This story corrects headline to say Traton “offers to buy”, not “to buy”)
Reporting by Kanishka Singh in Bengaluru; Editing by Shinjini Ganguli