Cevian Capital Completes Divestment Of Entire AB Volvo Shareholding
On 27 December 2017, Cevian Capital announced the agreement to divest its entire shareholding in AB Volvo to Nomura and Barclays following the receipt of necessary regulatory approvals. The divestment comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per cent of the capital and 15.6 per cent of the votes.
Following the receipt of approval from the German Federal Cartel Office, Cevian Capital has today completed the divestment of its entire shareholding in AB Volvo to Nomura and Barclays.
Nomura and Barclays have committed to sell the AB Volvo shares to Geely Holding, and Geely Holding has committed to acquire the shares following the receipt of necessary regulatory approvals.