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Feb 26, 2014

TRUCKMAKERS NEWS * Germany: Volkswagen

* Germany - VW offers $9.2 billion to purchase rest of truckmaker Scania

Frankfurt,Germany -Bloomberg News, by Christoph Rauwald and Chad Thomas, Chris Reiter -Feb. 21, 2014: -- Volkswagen AG, Europe’s largest automaker, is offering to pay 6.7 billion euros ($9.2 billion) to buy the rest of Swedish truckmaker Scania AB to intensify cooperation with its other commercial-vehicles units... VW, which already controls a majority of Scania’s shares and 88 percent of the voting rights, is offering 200 kronor per share, the Wolfsburg, Germany-based company said today in a statement. Scania’s B shares closed today at 147.50 kronor... VW is looking to jump start a stalled seven-year effort to more closely align Scania, its own commercial-vehicles business and Munich-based truck producer MAN SE, which VW also controls...

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