TITLE

VW gets Scania stake in $4.37 billion deal

PUB. DATE
April 2008
SOURCE
Trailer / Body Builders;Apr2008, Vol. 49 Issue 6, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Scania AB by Volkswagen (VW) AG in 2008. The entry cites that the deal was finalized for $4.37 billion which will give VW a hold of 68.6 percent of voting shares. It also notes that participation by VW in Scania will position the company as a global competitor to Daimler AG and AB Volvo. In line with the transaction VW intends to maximize long-term value for all shareholders and will maintain the headquarters and engineering competence centers in Södertälje.
ACCESSION #
32023800

 

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