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Volvo sells its shares in Bilia

AB Volvo today sold all of its shares in Bilia, a total of 588,938 shares, corresponding to 2.3% of the votes and 2.3°% of the share capital.
AB Volvo today sold all of its shares in Bilia, a total of 588,938 shares, corresponding to 2.3% of the votes and 2.3°% of the share capital.

The sale was at a price of SEK 90 per share and results in a capital gain for Volvo of SEK 28 M. Through the sale, Volvo fulfilled its undertaking from last year to sell the shares that were surplus after Volvo had acquired Bilia’s truck and construction equipment operations.

May 14, 2004

For further information, please contact Mårten Wikforss, +46 31 66 11 27,
+46 705 59 11 49

 

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