In a first stage we bought 13% of the shares in Nissan Diesel from Nissan Motor. The purchase price was approx SEK billion 1.5.
AB Volvo later exercised its option to purchase an additional 6% of the shares in Nissan Diesel from Nissan Motor for approximately SEK 500 M, corresponding to JPY 439 per share. In addition, AB Volvo also acquired all 57.5 million preference shares in Nissan Diesel from Nissan Motor and Japanese banks for a total of SEK 3.5 billion, which corresponds to an average price of JPY 341 for each share after conversion.
On February 20, 2007, AB Volvo's Board of Directors decided to make a public offer to acquire Nissan Diesel. The offer, which is supported by Nissan Diesel's Board of Directors, means that Volvo offers JPY 540 in cash per share and the total value of Volvo's offer amounts to SEK 7.5 billion.
Read more about Nissan Diesel