VW gets Scania stake in $4.37 billion deal

April 2008
Trailer / Body Builders;Apr2008, Vol. 49 Issue 6, p10
Trade Publication
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.


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