SÖDERTÄLJE, Sweden--(BUSINESS WIRE)--Regulatory News:
Following the outcome of the public tender offer to the shareholders of Scania Aktiebolag (“Scania”)(STO:SCVA)(STO:SCVB), Volkswagen now controls more than 98 percent of all shares in Scania. Since Volkswagen has initiated compulsory acquisition of the remaining shares and Scania will be delisted on 5 June and thus, not be a listed company at the time of the Annual General Meeting, Volkswagen has notified the company that it proposes that no dividend shall be paid to the shareholders of Scania for the financial year 2013.
As communicated earlier, the acceptance period for the public offer to the shareholders of Scania has been extended until 5 June 2014 at 5:00 pm (CET).
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. Scania press releases are available on www.scania.com (http://www.scania.com/se)
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