PRESSRELEASE | All press releases
19 January 2009 12:29 CET
The Board of Scania will issue recommendation on Porsche offer on 3 February
The Board of Scania AB (publ) has received the mandatory offer by Porsche Automobil Holding SE to the shareholders of Scania.
The Board will in accordance with the Takeover Rules of the NASDAQ OMX Nordic evaluate the offer with the assistance of two independent advisers and will issue its recommendation to the shareholders on the offer together with so called fairness opinions from the advisers in connection with the release of Scania’s Year-End Report for 2008 on 3 February 2009.
For questions, please contact:
Erik Ljungberg, Senior Vice President, Corporate Relations, tel +46 8 553 835 57,
mobile +46 73 988 35 57.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company’s operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 35,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2007, invoiced sales totalled SEK 84.5 billion and net income amounted to SEK 8.6 billion. Scania press releases are available at www.scania.com