Tag Archives: purchase rest of truckmaker Scania

VW offers 6.7 billion euros to purchase rest of truckmaker Scania

Volkswagen Group is bidding 6.7 billion euros ($9.2 billion) for the rest of truckmaker Scania to deepen cooperation with its other commercial-vehicles units after being blocked previously in those efforts by the Swedish company’s minority shareholders.VW, which already controls a majority of Scania’s capital and 89.2 percent of the voting rights, is offering 200 kronor ($30.6) per share, 36 percent higher than Friday’s closing price of 147.50 kronor for the company’s B stock.