.Lefteris.
6th January 2009, 11:43
Fulfilling its longstanding plan to assume control of Volkswagen, Porsche increased its ownership from 42.6% to 50.76%, an event that automatically puts into effect a mandatory takeover offer for Swedish truck manufacturer Scania. Although Swedish law requires a takeover offer for Scania, in which Volkswagen holds about 69% of voting rights, Porsche had said that it has no interest in buying Scania shares.
Reuters(05 Jan.)
Reuters(05 Jan.)