AB Volvo has today, February 9 2001, transferred to Renault S.A. 6,930,248 Series A Volvo shares and 15,145,797 Series B Volvo shares as final payment for 100 percent of the shares in Renault V.I/Mack, Renault's truck business.
AB Volvo acquired the transferred shares, which represents 5 percent of the share capital and voting rights in AB Volvo, through purchases on the OM Stockholm Exchange. Following the transfer AB Volvo owns 0,38 percent of Series A shares and 1,03 percent of Series B shares, which corresponds to 0,49 percent of the voting rights and 0,82 percent of the share capital.
After having acquired 4,9 percent of Volvo shares in the open market, Renault now holds 19,9 percent of the shares in AB Volvo.
February 9, 2001