Germany's Volkswagen AG says it has completed the process of getting antitrust approval for its plan to take a majority voting stake in Swedish truck maker Scania AB.
Europe's biggest carmaker said it expects to move ahead with increasing its 38 percent stake in Scania on July 22. The Volkswagen to Set Up $1 Billion Car Plant in US ...
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Global Media Forum continues ... deal is worth some 2.8 billion euros and will see VW's share of voting rights increase to some 69 percent. Volkswagen agreed in March to buy the Scania stakes held by Investor AB and the Wallenberg foundations. EU officials approved the deal last month, but VW still needed various national authorities to stamp it as well.
(Deutsche Welle)
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