Germany/Sweden - Volkswagen AG of Wolfsburg, Germany, has announced that it is to acquire the whole of Investor AB's and the Wallenberg Foundations' stakes in Scania AB, thereby increasing Volkswagen's total votes in Scania to 68.60% from 37.98%, subject to merger clearance. Under the agreement, Volkswagen is to purchase 134,711,900 A-shares or 30.62% of Scania's voting rights. This will increase Volkswagen's total votes in Scania to 68.60% (previously 37.98%) which corresponds to 37.73% of the capital (previously 20.89%).
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