Volkswagen Canada

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

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.