Japan's Hino to buy part of Volvo's Scania shares -report

Newswire

STOCKHOLM, Feb 23 (Reuters) - Japanese truck maker Hino Motors Ltd wants to buy part of Swedish truck maker Volvo's shares in domestic rival Scania , the Swedish business daily Dagens Industri reported on Monday. Hino, the trucking arm of car maker Toyota and one of the strongest of Japan's four truck makers, would offer to pay almost three billion crowns ($411 million) for some 11 million Scania A-shares , Dagens Industri said in the Internet edition of the newspaper due out in print on ...

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