Investor's decision following new information on Volkswagen's bid for Scania
Today, Volkswagen published the results of its bid for Scania. Together with already held or controlled shares, Volkswagen’s ownership in Scania thereby amounts to 88.25 percent of the total number of shares.
According to today’s results, more than two thirds of the minority shareholders in Scania have tendered their shares.
Investor’s holds a trading position, i.e. a holding with a limited investment horizon, representing less than 0.4 percent of the total number of shares.
"With our limited trading position and given the wide acceptance among other shareholders, we do not wish to contribute to an unclear ownership structure in Scania. Given the new information, Investor will tender its shares", comments Investor’s President and CEO Börje Ekholm.
"Based on the results of the bid, we believe this is the best for Scania. Our view of Volkswagen being an industrially good owner of Scania has remained unchanged over time, since it became the lead owner in 2000", concludes Börje Ekholm.
Our press releases can be accessed at www.investorab.com
Investor is the leading owner of high quality Nordic-based international companies, founded by the Wallenberg family a hundred years ago. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.
For further information:
Stefan Stern, Head of Corporate Relations and Communications, Phone 46 8 614 2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524 2130
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