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, […]
Scania (Great Britain) is focusing on sustainability and safety at this year’s Freight in the City Expo, with three models from the company’s urban truck range on display. In addition, visitors will be able to get an exciting glimpse into the future of urban deliveries and research and development taking place today from Anders Lampinen, director of new technologies at Scania CV AB. Scania is once again a headline event partner to Freight in the City Expo, taking place on […]
Bulk logistics and solid fuels supplier Hargreaves Services has confirmed the issue of a second tranche of a new shares worth £21.15m, following shareholder approval at a meeting on 7 May.
Eddie Stobart and AW Jenkinson Forestry Products have placed what Scania has described as its largest ever order in Europe: 2,000 trucks over two years.