Scania applies for delisting of its class A and B shares from Nasdaq Stockholm index following company's acquisition by Volkswagen
May 20, 2014
– The Board of Directors of Scania has decided to apply for delisting of the Scania class A and B shares from NASDAQ OMX Stockholm. The last day of trading in the shares will be notified when Scania has been informed thereof by NASDAQ OMX Stockholm.
On May 13, Volkswagen AG announced that the public offer to the shareholders of Scania AB has been accepted to such extent that Volkswagen after completion of the offer will become the owner of 90.47 percent of all shares in Scania. At that time all conditions for completion of the offer had then been fulfilled. Accordingly, the Offer has been declared unconditional in all respects and Volkswagen announced to complete the acquisitions of the shares tendered in the Offer
For more information, please contact Erik Ljungberg, Senior Vice President, Corporate Relations, tel. +46 73 988 35 57.
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.