Large Scania shareholder accepts Volkswagen bid

Published April 24, 2014 8:03am ET



STOCKHOLM (AP) — Volkswagen has come closer to realizing its ambition to takeover Scania after the fourth largest shareholder in the Swedish truck maker announced it will accept the 6.7 billion-euro ($9.2 billion) bid.

Fund manager Swedbank Robur on Thursday said it thinks the offer of 200 kronor ($30.62) per Scania share is reasonable.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.