Stuttgart, Germany – Porsche Automobil has announced it has made a mandatory offer for Swedish truck and bus manufacturer Scania. The offer is the result of Porsche’s takeover of Volkswagen; as that company held more than 30 per cent of Scania, Swedish law requires Porsche to acquire Scania shares.

Porsche said it has no strategic interest in acquiring Scania shares and is therefore offering only the minimum prices required by law.

The offer, expected to take place on February 20, is being fully financed from Porsche’s existing liquidity.

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