April 16, 2014 - Assignment

Mannheimer Swartling advising the Independent Committee of the Scania Board of Directors

On 21 February 2014, Volkswagen Aktiengesellschaft announced a public takeover offer to the shareholders in Scania to tender all of their shares in Scania to Volkswagen for a cash consideration of SEK 200 per share. An independent committee, consisting of the board members Åsa Thunman (chairman of the committee), Peter Wallenberg Jr, Peter Abele, Johan Järvklo and Håkan Thurfjell was appointed to evaluate the offer and to take such resolutions in relation to the offer as are necessary.

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. The company employees some 41,000 people and operates in about 100 countries. In 2013, net sales totalled SEK 86.8 billion and net income amounted to SEK 6.2 billion. Scania’s shares are listed on the NASDAQ OMX Nordic Exchange Stockholm, Large Cap.

The Independent Committee is being advised by Mannheimer Swartling. The firm’s team is led by Eva Hägg and Patrik Marcelius.