Scania may bid for Ainax - paper

Newswire

STOCKHOLM, May 28 (Reuters) - Swedish truck-maker Scania may bid for Ainax, a company owned by shareholders of rival Volvo and which controls almost 25 percent of votes in Scania, the Svenska Dagbladet daily reported on Friday. Ainax was created this year by Volvo for the sole purpose of owning its 24.8 percent of votes in Scania, a stake which Volvo bought during a failed attempt to merge with Scania in 2000. The paper reported that Scania had secured a 31 billion Swedish crown ($4.15 ...

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