VW "could sell Scania stake"
The Local · 29 Jul 2005, 16:59
Published: 29 Jul 2005 16:59 GMT+02:00
"We have a choice as a company, either if the opportunity arises, to consolidate within Volkswagen our heavy truck business, or – as it more looks like it at the moment – if it does not arise, we will possibly one day take a decision to sell the Scania shares," he told a conference call with analysts.
"But for the time being, I still have hope that some of our alternative plans for Volkswagen's future in the trucks business will be (sic) materialized," he said.
"But in order to avoid new speculations, we neither intend to purchase or add shares nor do we have any plans, particularly not with the current stock price, to acquire any," he added.
VW owns 18.7 pct of the share capital and 34.0 pct of voting rights in Scania.