Volvo Group has entered into an agreement to divest a Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock3/26/18
The divestment will impact the Group’s cash flow and net financial position positively with an amount of approximately SEK 0.9 billion at closing. NHL, which is listed on the Shanghai Stock Exchange, produces and sells among other things rigid haulers to the mining industry. Volvo Construction Equipment will continue to sell components for rigid hauler production to NHL also after the divestment.
26 March, 2018
Journalists who would like further information, please contact: Joakim Kenndal, Volvo Group, Media Relations +46 31-323 72 29.
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