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Swedbank Robur, a shareholder of Scania AB, announces its acceptance of Volkswagen AG's offer to acquire the remaining shares of the Swedish truck maker. With Volkswagen already holding a 62.6% stake, this acceptance indicates a high likelihood of the German automaker gaining full control of Scania. The buyout offer is valued above $9 billion and aligns with Volkswagen's strategy to integrate its commercial vehicle operations.
Wednesday, 23 April, 2014