Photo: Nick Näslund/Sveriges Radio.
Volkswagen has bid SEK 60 billion to buy up Scania

Impartiality committee to weigh in on VW bid

Scania has formed an impartiality committee to review the bid by German automaker Volkswagen to buy the remaining shares in the Swedish company, news agency TT reports.

The committee is made up of internal advisors and experts at law, communication and finance within the company and will be headed by Åsa Thunman, Peter Wallenberg Jr, Peter Abele, Johan Järvklo and Håkan Thurfjell, according to a Scania press release.

The committee will review the bid and provide professional judgement about the offer two weeks before the deadline of the deal in late March or early April.

Volkswagen has offered SEK 200 per share that the company does not already own, making the bid worth SEK 60 billion.

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