The transaction covers to a large extent real estate in Gothenburg owned by the Volvo Group and leased to external tenants. The Volvo Group has decided to sell the real estate as it has been deemed not strategic for the Volvo Group to continue as landlord and owner. The transaction also includes properties in Denmark, Sweden and Finland, where the real estate to a large extent will be rented by companies in the Volvo Group.
The transaction is expected to have a positive impact on operating income in the segment “Trucks” of SEK 200 M and in the segment “Group functions, corporate functions and other” of SEK 700 M in the second quarter of 2014.
The transaction is expected to be closed in the second quarter of 2014.
Journalists who wish further information, please contact Karin Wik, + 46 31 323 72 29