China's Geely buys stake in Swedish truck maker Volvo from Cevian
27/12/2017 07:31
STOCKHOLM, Dec 27 (Reuters) - Activist investor Cevian
Capital has agreed to sell its 8.2 percent stake in Swedish
truck maker AB Volvo VOLVb.ST to China's Zhejiang Geely
Holding Group, Cevian and Geely announced in a joint statement
on Wednesday.
They did not disclose the value of the transaction, which
makes Geely Volvo's largest owner by capital and the second
biggest by voting rights after investment firm Industrivarden
INDUa.ST .
Geely is also the owner of Volvo Cars.
(Reporting by Johannes Hellstrom, editing by Terje Solsvik)
((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))
Keywords: VOLVO GEELY/