Volkswagen controls 98.19 percent of the shares in Scania

21 May, 2014

FRANKFURT: Volkswagen on Wednesday said it now controls 98.19 percent of the shares and 99.02 percent of the voting rights in truck maker Scania.

Earlier this month, Volkswagen said its 6.7 billion euro ($9.2 billion) offer for Scania had been accepted by minority shareholders, a crucial step for the German automaker's ambitions to forge a trucks alliance.

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