# 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.

- Type: Acquisition
- Announced: 2018-04-07
- Where: China
- Value: $105.0M (900.0M SEK)
- Status: announced
- Products: rigid haulers
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Volvo](https://endata.com/companies/9342.md)
- [Inner Mongolia North Hauler Joint Stock Co Ltd](https://endata.com/companies/31187.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2018/04/07/volvo-process-divesting-north-hauler-mining-truck-stake/), 2018-04-07: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.