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Archive for the 'Scania' Category

Volkswagen and Scania – two strong partners in motorsport

Volkswagen Motorsport and Scania Germany are starting to the 2009 motorsport season together.

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The truck manufacturer that ranks among the world’s leaders in its field and has been the ninth brand of the Volkswagen Group since 2008, equips the successful squad from Wolfsburg with three 500-hp tractors for the race transporters sporting the colour ‘Volkswagen Silver’. From now on, Volkswagen demonstrates sheer power, dynamic design and top quality not only on the race track but on the way to the paddock as well.

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Volkswagen to purchase Scania shares from Porsche

Volkswagen Aktiengesellschaft will shortly purchase the Scania shares to the value of approximately 395 million euros tendered to Porsche Automobil Holding SE under the mandatory offer, thus bringing Volkswagen’s stake in Scania to approximately 49.29 percent of the capital and approximately 71.81 percent of the voting rights.

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Scania wins major order for city buses in Malaysia

Scania has won a tender for the supply of 152 low-entry city buses to the northern Malaysian island state of Penang. The order marks the biggest single order for the company to date, and is one of the largest single city bus deals in Malaysia.

The operator of these buses cited best quoted fuel consumption, high levels of reliability and availability, as well as a comprehensive service support as key points for Scania’s success in the tender.

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Porsche announces mandatory offer for Scania

Porsche Automobil Holding SE, Stuttgart, today announced its mandatory offer in Sweden for Scania AB, Södertälje, Sweden. The acceptance period for the offer to the outstanding Scania shareholders for the acquisition of their shares is thus expected to run from 21 January 2009 until 10 February 2009. However, Porsche has no strategic interest in acquiring Scania shares and is therefore offering only the minimum prices required by law, namely 68.52 kronor per A share and 67.10 kronor per B share of the truck manufacturer. The transfer of title to the Scania shares tendered pursuant to the mandatory offer, the so-called settlement, is envisaged to take place on 20 February 2009 and is being fully financed from Porsche’s existing liquidity. The total value of the Scania shares to which the mandatory offer relates amounts to approximately 31.6 billion kronor (approximately EUR 2.8 billion).

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