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The European Commission will decide in June this year whether or not to pass the majority purchase of Scania's shares.
In March this year, Volkswagen announced that it had reached an agreement with the Wallenberg family (Wallenberg) to purchase 68.8% of Scania's shares. The Wallenberg family was the largest shareholder of Scania.
Currently, Volkswagen owns 30% of the German truck manufacturer MAN, and is also the largest shareholder of Scania. The industry predicts that the public intends to form the largest commercial vehicle company in Europe through a tripartite alliance.
Last year, Mann issued a tender offer to its biggest competitor, Scania, for $13 billion. Despite EU approval, Scania and its second largest shareholder, Investor AB, objected to the acquisition. failure.