The Volvo Group has sold all its 25% shareholding in the listed German engine manufacturer Deutz AG.
Divestment proceeds amount to 1897 million Swedish Kroner (SEK), corresponding to SEK 62.73 per share.
The sale will result in a capital gain of approximately SEK 350 million that will impact operating income in the third quarter of 2017.
Volvo Group sold 30,246,582 shares, corresponding to 25% of total shares in Deutz.
The sale will have a positive impact on Group cash flow and the net financial position in the Industrial Operations.
The capital gain will be reported in the group functions and other segment of it’s financial reports.
