SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
-----------------------
SCHEDULE 13D
(Rule 13d-101)
(AMENDMENT NO. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13-
d-(1)(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
SCANIA AB
- -----------------------------------------------------------------------------
(Name of Issuer)
CLASS A SHARES
CLASS B SHARES
- -----------------------------------------------------------------------------
(Title of Class of Securities)
CLASS A SHARES - XL 74244
CLASS B SHARES - XL 74245
- -----------------------------------------------------------------------------
(CUSIP Number)
Paul Kumleben, Esq.
Davis Polk & Wardwell
1 Frederick's Place
London, EC2R 8AB
England
- -----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 6, 1999
- -----------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(3), 13d-1(f) or 13d-1(g), check the
following box [ ].
<PAGE>
CUSIP NO. XL 74244 13D Page 2 of 8 Pages
XL 74245
- -----------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
INVESTOR AB
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) |_|
OF A GROUP* (b) |X|
- -----------------------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
KINGDOM OF SWEDEN
- -----------------------------------------------------------------------------
7. SOLE VOTING POWER Class A Shares: 54,061,380
Class B Shares: 1,508,693
NUMBER OF --------------------------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER Class A Shares: 0
OWNED BY Class B Shares: 0
EACH ---------------------------------------------------------
REPORTING
PERSON WITH 9. SOLE DISPOSITIVE POWER Class A Shares: 54,061,380
Class B Shares: 1,508,693
---------------------------------------------------------
10. SHARED DISPOSITIVE POWER Class A Shares: 0
Class B Shares: 0
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares: 54,061,380
Class B Shares: 1,508,693
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |_|
CERTAIN SHARES*
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ROW (11)
Class A Shares: 54.0%;
Class B Shares: 1.5%;
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
- -----------------------------------------------------------------------------
<PAGE>
Investor Aktiebolaget, a limited liability company incorporated under the
laws of Sweden ("Investor") hereby amends and supplements its Report on
Schedule 13D, originally filed on May 12, 1999 (the "Schedule 13D") with
respect to the purchase of shares of Class A and Class B Common Stock, SEK 10
nominal value per share (the "Common Shares"), of Scania Aktiebolaget, a
limited liability company incorporated in Sweden (the "Issuer"). Unless
otherwise indicated, each capitalized term used but not defined herein shall
have the meaning assigned to such term in the Schedule 13D.
This Amendment No. 1 to the Schedule 13D is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by Investor. It
shall refer only to the information that has materially changed since the
filing of the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is amended by replacing in its entirety the
existing text and inserting the following language:
"On August 6, 1999, Investor reached an agreement with AB Volvo, a
limited liability company incorporated in Sweden ("Volvo"), pursuant to which
Volvo will acquire all of Investor's shares in the Issuer.
The agreement between Volvo and Investor involves Investor receiving
payment either solely in cash or in a combination of cash and newly issued
Volvo shares for Investor's holdings in the Issuer. Investor will receive a
cash payment of SEK 315 per share for 60% of its holdings. For the remaining
40%, Investor will receive, at its discretion, either SEK 315 in cash per
share or newly issued shares in Volvo in the proportion of six Volvo shares
for each multiple of five shares of the Issuer.
Volvo's acquisition of Investor's shares in the Issuer is conditional
upon receiving required approvals from the authorities."
<PAGE>
Item 5. Interest in Securities of the Issuer.
Item 5 is amended by deleting the existing text in its entirety and
replacing it with the following language:
"(a) Amount beneficially owned: Class A Shares: 54,061,380;
Class B Shares: 1,508,693;
Class A and B Shares:
Percent* of share capital: Class A Shares: 54.0%;
Class B Shares: 1.5 %;
Class A and B Shares: 27.8%
Percent* of voting rights**: Class A Shares: 54.0%;
Class B Shares: 1.5 %;
Class A and B Shares: 49.3%
*) Based on the number of outstanding Shares set forth in the
Issuer's annual report for 1998.
**) Each Class A Share carries one vote and each Class B Share
carries one-tenth of one vote.
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Class A Shares:
54,061,380; Class B Shares: 1,508,693
(ii) Shared Power to vote or to direct the vote. None.
(iii) Sole power to dispose or to direct the disposition of: Class
A Shares: 54,061,380; Class B Shares: 1,508,693
(iv) Shared power to dispose or to direct the disposition of: None.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Item 6 is amended by deleting the existing text in its entirety and
replacing it with the following language:
"See Item 4 above."
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: August 9, 1999
INVESTOR AB
By: /s/ Adine Grate Axen
---------------------------------
Name: Adine Grate Axen
Title: Managing Director
