UPDATE 1-Volvo postpones AGM to get more time for Scania deal

Newswire

STOCKHOLM, Feb 17 (Reuters) - Sweden's Volvo, the world's second biggest truck maker, said on Tuesday it has postponed its annual general meeting of shareholders to have more time to clarify and prepare for a deal regarding its stake in rival Scania. Volvo holds 45 percent of the equity and 30.6 percent of the votes in Scania after a failed merger attempt in 2000. The European Commission has ruled Volvo must sell the shares by April 24. The AGM will now be held on April 16, rather than ...

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