[Federal Register Volume 67, Number 247 (Tuesday, December 24, 2002)]
[Notices]
[Page 78529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-32311]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration on the New York Stock Exchange, Inc. (Scania 
Aktiebolag, American Depository Shares (Each Representing One A and B 
Share, Nominal Value SEK 10 Each)) File No. 1-14240

December 18, 2002.
    Scania Aktiebolag, a Kingdom of Sweden corporation (``Issuer''), 
has filed an application with the Securities and Exchange Commission 
(``Commission''), pursuant to section 12(d) of the Securities Exchange 
Act of 1934 (``Act'')\1\ and rule 12d2-2(d) thereunder,\2\ to withdraw 
its American Depository Shares (each representing one A or B share, 
nominal value SEK 10 each) (``Securities''), from listing and 
registration on the New York Stock Exchange, Inc. (``NYSE'' or 
``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has complied with the 
rules of the NYSE by complying with all applicable laws in effect in 
the Kingdom of Sweden, the place in which the Company is incorporated, 
and with the rules governing an issuer's voluntary withdrawal of a 
security from listing and registration.
    The Board of Directors (``Board'') of the Issuer approved a 
resolution on December 5, 2002, to withdraw the Issuer's Securities 
from listing on the NYSE. The Board stated that the following reasons 
factored into its decision to withdraw the Issuer's Securities from the 
NYSE: (i) The low number of outstanding Securities (at the end of 
October 2002, fewer than 51,000 Series A and fewer than 60,000 Series B 
Securities were outstanding, compared to a total of 200,000,000 Scania 
shares equally split between the A and B Securities); (ii) trading in 
the Securities on the NYSE is very low and the Securities are not 
widely held (as of the end of November there were fewer than 200 total 
holders of Series A and B Securities combined); (iii) the globalization 
of investments and the possibility of trading stocks internationally 
has increased substantially over the past few years and; (iv) the costs 
of maintaining the listing of the Securities on the NYSE is no longer 
justified given the factors listed above.
    The Issuer's application relates solely to the Securities' 
withdrawal from listing on the NYSE and from registration under section 
12(b) of the Act \3\ and shall not affect its obligation to be 
registered under section 12(g) of the Act.\4\
    Any interested person may, on or before January 10, 2003, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the NYSE and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).

Jonathan G. Katz,
Secretary.
[FR Doc. 02-32311 Filed 12-23-02; 8:45 am]
BILLING CODE 8010-01-P