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Two Scania investors back VW takeover bid


Two Swedish pension funds — Swedbank Robur and state fund AP3 — said they would accept an offer for their Scania shares from Volkswagen, boosting the majority owner’s chances of buying out remaining stockholders in the Swedish truck maker, Reuters reports.

“(The acceptances) …increase the likelihood the bid will go through, but I would still say that it is a 50-50 chance they (VW) will need to extend the acceptance period,” Handelsbanken Capital Markets analyst Hampus Engellau told the news agency.


 

Last Updated (Friday, 25 April 2014 05:31)

 


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