Renault has sold its stake in the B series shares of Volvo AB

Renault announced today the successful completion of the institutional private placement of 302,915,940 Series B shares of Volvo AB representing its entire stake in the Series B shares, 14.9% of the share capital and 3.8% of the voting rights in Volvo AB, at a price of 93 SEK per share. The proceeds from the transaction amounted to 28.2 billion SEK.

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