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According to reports from Belgian media, the Volkswagen Group has announced that the Volkswagen Group has successfully acquired Scania, a Swedish heavy truck manufacturer, for 2.9 billion euros. After the merger, Volkswagen and MAN Commercial Vehicles (Www. Volkswagen is the company's major shareholder, holding 30% of shares) and Scania will form the largest heavy truck (over 16 tons) manufacturing group in Europe, overtaking Sweden's Volvo company. 25% market share.
In 2000, Swedish company Volvo made a purchase proposal to Scania. However, due to fear of monopoly, the European Commission rejected the proposal. The German company Mann also launched a hostile takeover of Scania in 2006 and ended up with no success.
This merger still needs the final approval of the EU regulatory authorities.