VIV's board with Scania...
18th May 2000, Page 5
18th May 2000
Page 5
Page 5, 18th May 2000
— VIV's board with Scania...
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Keywords :
Södertälje Municipality, Scania, Volkswagen, Man Se, Investor Ab, Volvo, Volkswagen Group, Scania-vabis
• Volkswagen is edging closer to its goal of becoming a major European truck builder by taking a more active role in the management of Scania.
Three big players from Volkswagen—Dr Ferdinand Plech, Lothar Sander and Detlef Wittig—will be proposed as board members at Scania's AGM next Wednesday, The German manufacturer bought a £1bn worth of Scania shares from Investor after the merger with Volvo was blocked by the European Union's Competition Commission.
VW now holds 34% of Scania's voting rights and 18.7% of its capital.
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Organisations:
European Union's Competition Commission