Volvo Group to divest 25.2% stake in Inner Mongolia North Hauler for SEK0.9 billion

Volvo Group has entered into an agreement to divest a Chinese subsidiary holding 25.2% of shares in Inner Mongolia North Hauler Joint Stock Co Ltd for approximately SEK0.9 billion. The transaction is subject to regulatory approvals and expected to close within six months.

“Volvo Group said recently that it has entered into an agreement to divest a Chinese subsidiary, which is holding 25.2% of the shares in the Chinese mining truck major Inner Mongolia North Hauler Joint Stock Co Ltd for approximately SEK0.9 billion.”im-mining.com

• 1 source
• im-mining.comVolvo in the process of divesting North Hauler mining truck stake - International MiningPaul MooreApr 7, 2018

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