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TRUCKMAKERS NEWS * Sweden - Scania
* Fund AMF rejects VW's bid for Scania stake. Is first significant investor to turn deal down
Stockholm,Sweden -The WSJ (USA), by Christina Zander -March 30, 2014: -- Swedish pension fund AMF on Sunday officially rejected Volkswagen AG's offer to buy out minority shareholders in Scania AB, saying the deal didn't reflect long-term value... AMF owns a 0.83% stake in Scania and is the first significant investor in the truck maker to turn the deal down. The pension fund is one of many firms that is included in a group of minority shareholders Volkswagen is looking to buy out... Shortly after VW made its bid, Institutional owner Fjärde AP-fonden, a pension fund holding 0.5% of Scania's capital, said in a statement it would evaluate the offer carefully, but that "it is not obvious that the price now offered is best for the Swedish pensioner in the longer term."...
Labels: truckmakers news Sweden
posted by Unknown @ 3:33 PM
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