Volkswagen has completed an IPO for subsidiary Traton today (28 June), placing 57.5 million shares at a price of €27 (£24) each and raising £1.55bn. Volkswagen remains the majority shareholder in the business, which owns Scania and MAN, having sold 11.5% of the company. It is now listed on the Stockholm and Frankfurt stock exchanges. The company had previously provided a share price range of between €27 (£24) to €33 each. At €27 per share, the lower end of expectations, […]
The European Commission (EC) has hit Scania with a €881m (£771m) fine after concluding that it broke EU antitrust rules.
Haulage operators in Scotland now have until next summer to lodge a claim for damages in relation to a cartel among truck manufacturers, following a decision in the country’s Supreme Court.
Scania is to appeal today’s €881m (£771m) fine from the European Commission (EC) over price-fixing, after refuting the findings.