Investor AB boosts Scania stake, talks to MAN - Saab General Bulletin Board - Saabnet.com
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Investor AB boosts Scania stake, talks to MAN
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Posted by Ian Glenday [Email] (#95) [Profile/Gallery] (more from Ian Glenday) on Tue, 7 Nov 2006 09:51:11 Share Post by Email
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The Wallenberg family is at it again. Don't know if they are for or against the deal. For those that don't know, they are the family that sold Saab Automobile to GM.

STOCKHOLM (Reuters) -- Holding company Investor said it had begun talking with MAN over the German truck maker's bid for Swedish rival Scania and had boosted its leverage by increasing its Scania stake. Investor, controlled by the Wallenberg business family, said today it had bought 820,000 Scania A series shares and sold all its 490,893 B series shares. The A shares have 10 times the voting power of B stock.

Ian

_______________________________________
Ian
1959 93b
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1968 99
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1988 900S
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1999 9-5SE, 2.3lpt
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