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The Volkswagen Group has received the antitrust approvals necessary to acquire a majority voting stake in Swedish truck manufacturer Scania AB. In addition to the approval by the European Commission, a large number of antitrust proceedings were required in other countries worldwide. In March this year, Volkswagen reached an agreement with Investor AB and the Wallenberg foundations regarding the acquisition of their entire shareholdings in Scania. Volkswagen will therefore increase its share of voting rights in Scania from 37.98% to 68.60%. Its equity interest will rise to 37.73% from 20.89%. The purchase price amounts to approximately €2.8 billion. The Volkswagen Group will fully consolidate Scania in the second half of the year.
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Volkswagen Takes Control
of Scania
