(PublicWire.com Press Release) –The Board of Directors of Scania AB has noted that Volkswagen AG today announced a public offer to the shareholders in Scania to transfer all of their shares in Scania to Volkswagen.
Those members of the Board of Directors of Scania who are not conflicted in relation to the offer will have an initial meeting regarding the offer within short.
Sodertalje 21 February 2014
The Board of Scania
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime Scania also offers financial services. Employing some 41,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2013, net sales totalled SEK 86.8 billion and net income amounted to SEK 6.2 billion. Scania press releases are available on www.scania.com (http://www.scania.com/se).
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