Scania’s second largest shareholder Investor has said it wants to continue to profit from Scania.

According to dpa-AFX, Investor CEO Börje Ekholm said: “We want to further maximise the value for our shareholders.” Scania is currently worth EUR5.4bn more than it was the beginning of the year, when MAN withdrew its takeover offer for the company.

Eckholm said that shareholders had benefited by defending themselves from MAN’s hostile takeover attempt.

Scania’s largest shareholder Volkswagen Group is still pursuing a friendly merger of MAN and Scania. MAN CEO, Hakan Samuelsson, said a few days ago that a decision is expected to be reached by the end of this year. Volkswagen is also the largest shareholder in MAN and wants to bring its own commercial vehicle activities into the grouping.