Ainax was a listed holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 that owned shares in the Swedish

Sweden

Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 truck maker Scania

Scania AB

Scania Aktiebolag , commonly referred to as Scania AB or just Scania, is a major Swedish automotive industry manufacturer of commercial vehicles - specifically heavy trucks and buses...

. The company was a result of an attempted acquisition

Mergers and acquisitions

Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

 of Scania by Volvo

Volvo

AB Volvo is a Swedish builder of commercial vehicles, including trucks, buses and construction equipment. Volvo also supplies marine and industrial drive systems, aerospace components and financial services...

 that was blocked by the European Commission

European Commission

The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....

 for competition reasons.

After Volvo was ordered to discontinue its ownership in Scania, the shares

Stock

The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

 were placed in a separate holding company, which was then divested

Divestment

In finance and economics, divestment or divestiture is the reduction of some kind of asset for either financial or ethical objectives or sale of an existing business by a firm...

 to the Volvo shareholder

Shareholder

A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

s, and also traded on the NASDAQ OMX Group

NASDAQ OMX Group

NASDAQ OMX Group, Inc. is a United States public company that owns and operates the NASDAQ stock market and eight European stock exchanges in Armenia plus the Nordic and Baltic regions under the OMX banner...

 marketplace Nya Marknanden, today First North

First North

First North is a division of OMX and an alternative stock exchange for smaller companies in the Nordic Countries. The market place Nya Marknaden in Stockholm changed name to First North in June 2006 and the First North exchange expanded to the stock exchange on Iceland in January 2007 and Helsinki...

. In March 2006, Scania completed the acquisition of Ainax. Ainax was liquidated and Scania shares were distributed to Ainax's owners.

Ainax is a phonetic anagram

Anagram

An anagram is a type of word play, the result of rearranging the letters of a word or phrase to produce a new word or phrase, using all the original letters exactly once; e.g., orchestra = carthorse, A decimal point = I'm a dot in place, Tom Marvolo Riddle = I am Lord Voldemort. Someone who...

of Scania (Ainacs).

External links

• Official site closed
• All press releases and reports from Ainax
• http://www.scania.com/ir/ainax/