Wolfsburg, 2007-03-07
Volkswagen increases stake in Scania
Volkswagen AG increased its stake in Scania AB from 18.7 percent to 20.03 percent on March 6, 2007; this represents a 35.31 percent of the voting rights in Scania (previously 34 percent).
The step underlines the importance Volkswagen attaches to its participation in Scania. The hareholdings in MAN and Scania aim to safeguard the strategic interest of the Group in the commercial vehicles business and are adequate for finding a friendly and mutually agreeable solution to realize the acknowledged high synergies. In this context, Volkswagen also recently increased its stake in MAN to 29.9 percent.