Volkswagen to become 68.6% voting shareholder in Scania

Volkswagen has reached an agreement with Investor AB and the Wallenberg Foundations regarding the purchase of their stakes in Scania (in total 134,711,900 A-shares or 30.62% of Scania’s voting rights) for a consideration of 200 SEK per A-share in cash. The purchase of the stake will increase Volkswagen’s total votes in Scania to 68.60% (previously 37.98%) which corresponds to 37.73% of the capital (previously 20.89%). This move is an important step towards clarifying the long-term shareholder structure of Scania. The completion of the purchase is subject to merger clearance.