Pressrelease AB Volvo
The previously announced sale of commercial real estate has been essentially completed. On April 15, companies within the Volvo Group completed a transaction where approximately SEK 1.8 billion of the total purchase sum of approximately SEK 2 billion was transferred.
The remaining part of the transaction is expected to be completed later during the second quarter of 2014. As previously announced the entire transaction is expected to reduce the net financial debt by approximately SEK 1.9 billion and to have a positive impact on the Group’s operating income of approximately SEK 900 million.
Journalists, who wish further information, please contact:
Karin Wik, Volvo Group Media Relation, tel. +46 (0)31 323 72 29