case / 08 Jan 2016

Agreement signed between Volvo Car Corporation (”Volvo Cars”) and Sjätte AP-fonden

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On  December 28th an agreement was signed between Volvo Car Corporation (”Volvo Cars”) and Sjätte AP-fonden, whereby Volvo Cars acquires 40% of the ownership shares in Volvofinans Bank AB (“Volvofinans”), Sweden’s leading bank within the car financing business.

As a consequence Volvofinans will be owned 50% by Volvo Cars and 50% by the Swedish Volvo trade through the company AB Volverkinvest. The deal will complete after necessary approvals have been obtained by the relevant authorities.

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