Browsing: Scania

Scania has released a £508m (SEK £7bn) special dividend to its shareholders, freeing up cash from within the company and making any other takeover attempt more expensive.

German truck maker MAN is pressing ahead with its £6.4 billion takeover bid for Swedish rival Scania despite the Scania board rejecting the takeover offer.

German truck maker MAN is expected to launch a £6.4 billion takeover bid for Swedish rival Scania in a move that would make it Europe’s largest manufacturer of heavy commercial vehicles.

Food logistics specialist, Reed Boardall, has taken delivery of 30 Scania 500R tractor units to complement the 15 Volvo 520 tractors also acquired as part of its on-going replacement program.