Advance ruling concerning Volvo's public offer to Scania shareholders
ADVANCE RULING CONCERNING VOLVO'S PUBLIC OFFER TO SCANIA SHAREHOLDERS The Council for Advance Tax Rulings has issued an advance ruling concerning the public offer made by AB Volvo ("Volvo") to shareholders in Scania AB ("Scania"). Under this advance ruling, which has acquired force of law, shareholders who exchange shares in Scania for shares in Volvo are entitled to deferment on taxation of the capital gain on these shares. Deferment of these shares also applies to shareholders who decide to sell part of their Scania holding for cash. If a shareholder exchanges Series A shares in Scania