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Brief: Volvo Group Completes Sale Of 45% Stake In Flexis

BRIEF-Volvo Group Completes Sale Of 45% Stake In Flexis

- Volvo AB VOLVb.ST:

  • SAID ON WEDNESDAY THAT VOLVO GROUP, RENAULT GROUP AND CMA-CGM HAS COMPLETED AGREEMENT ON STRATEGIC CHANGE FOR FLEXIS

  • RENAULT BUYS VOLVO'S 45% AND CMA-CGM'S 10% STAKE IN FLEXIS S.A.S.

  • TO DISTRIBUTE FLEXIS PRODUCTS VIA RENAULT TRUCKS FROM 2027

  • DEAL HAS NO MATERIAL IMPACT ON VOLVO GROUP EARNINGS

Source text: ID:nWkrR9CCB

Further company coverage: [VOLVb.ST]


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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