German automaker Volkswagen AG has enough shares to take complete ownership of Swedish truck-maker Scania and move ahead with integrating its commercial vehicle business.
VW said Tuesday that enough shareholders have accepted its 6.7 billion euro ($9.2 billion) offer to raise the company's stake in Scania to 90.47 percent.
That's enough to let VW buy out the rest of the shareholders and delist Scania — known as a squeeze-out. Volkswagen already held 62 percent majority stake in Scania and 89 percent of the voting rights.