Volvo divests properties in Gothenburg10/21/16
The divestment is part of a long-term plan to gather the majority of Volvo Group office workers in Gothenburg in an area that will be called Campus Lundby. The Volvo Group will rent some of the properties that are sold during a transitional period, pending the completion of Campus Lundby.
The Group’s operating cash flow and financial net debt will be positively affected in the amounts of SEK 2.6 bn and SEK 2.3 bn, respectively, in conjunction with the closing of the transaction, which is expected to be carried out in the fourth quarter of 2016.
October 21, 2016
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