Scania holds close to 100% of Beers shares
On 9 November 2000 Scania Europe Holding B.V. ('Scania') and Beers N.V. ('Beers') jointly announced that Scania had the intention to make a public offer for Beers. As a result of the public offer, Scania currently holds 6,109,637 ordinary Beers shares from a total of 6,131,980 outstanding shares (99.64%). Scania announces that the public offer for Beers is declared unconditional.
Arne Karlsson, Executive Vice President and CFO of Scania: "We are very pleased with the successful transaction and are looking forward to work together with Beers."
In conformity with the Offer Document dated 27 November 2000, payment will follow next Monday 29 January, whereby the consideration of € 46.50 will be paid in cash upon delivery of the tendered ordinary Beers shares.
For further information, please contact:
Magnus Hahn, Scania Corporate Communications, tel. +46 8 5538 3510
Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 25,800 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1999, turnover totalled SEK 47,100 million and the result after net interest income/expense was SEK 4,500 million. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania's vehicles are sold outside Sweden.
Scania press releases are available on the Internet, www.scania.com