Volkswagen pays SEK 200 per share to noncontrolling seductiveness shareholders of Scania

Posted on 21. Apr, 2015 by in Volkswagen Canada

Volkswagen Aktiengesellschaft is profitable SEK 200 and seductiveness of SEK 5.02 in money per share to a noncontrolling seductiveness shareholders of Scania who did not proposal their shares in a march of Volkswagen’s offer. This was announced by Volkswagen in Wolfsburg on Tuesday, formed on a analogous preference by a obliged settlement tribunal. Volkswagen has tranquil 100 percent of a shares in Scania given Jan 2015.

Based on a settlement tribunal’s preference antiquated Feb 2, 2015 that became legally contracting on Apr 21, 2015 on a remuneration of a undisputed emancipation volume to a noncontrolling seductiveness shareholders in Scania, Volkswagen has paid SEK 200 and seductiveness per share. The seductiveness of SEK 5.02 per share arises as a outcome of a Swedish Interest Act and is formed on a volume of SEK 200 for a duration from May 13, 2014 until a remuneration date. For 3,435,794 Scania shares, a sum volume paid by Volkswagen is approximately SEK 704 million (approximately EUR 76 million). The final emancipation volume will be dynamic once a squeeze-out move has been finalized.

The settlement tribunal’s preference antiquated Nov 11, 2014, resulted in Volkswagen apropos a owners of 100 percent of a shares in Scania in Jan 2015.

On Feb 21, 2014, Volkswagen Aktiengesellschaft announced a intentional offer to a shareholders of Scania Aktiebolag to proposal all shares in Scania during a cost of SEK 200 in money per share, regardless of share class. Volkswagen announced on May 13, 2014 that a offer will be completed. At a same time, Volkswagen instituted a squeeze-out for a Scania shares that were not tendered in a march of a offer.

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