Volvo seeks bank for Scania placement -FT

Newswire

LONDON, Jan 23 (Reuters) - Swedish truckmaker Volvo is close to hiring an investment bank for a possible three billion euros ($3.8 billion) placing of its shares in rival firm Scania , the Financial Times said on Friday. Volvo has also had talks with potential buyers for its 31 percent voting stake in Scania, the report added. "We have had and are still having discussions with a number of potential buyers," said Per Lojdquist, Volvo head of corporate communications, according to the FT. ...

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