Volkswagen Rejects MAN Offer for Scania.
PR Newswire Europe, September, 2006
WOLFSBURG, Germany, September 18 /PRNewswire/ -- Volkswagen Aktiengesellschaft has always stated that its investment in Scania is of a strategic nature and is in the industrial interests of the Group. Acceptance of today's takeover offer for Scania announced by MAN would not be in line with these industrial interests. For this reason, the Volkswagen Group rejects the offer and is not selling its shares in Scania.
Volkswagen holds 18.7% of the equity and 34.0 % of the voting rights in Scania.
Contact:
Volkswagen Group Communications
Christine Ritz
Spokesperson Finance
Phone: 49-(0)-53-61-9-43586
Fax: 49-(0)-53-61-9-79684
E-mail: Christine.Ritz@volkswagen.de
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