Cookie Consent by Free Privacy Policy website Volvo Group has completed the sale of shares in WirelessCar
march 29, 2019 - Volvo

Volvo Group has completed the sale of shares in WirelessCar

Volvo Group has now completed the previously announced divestment of 75, 1 % of the shares in its wholly-owned subsidiary #wirelesscar to the Volkswagen Group. The sales price amounted to SEK 1.2 billion.
The divestment resulted in a positive impact on operating income of approximately SEK 1.5 billion and a positive cash flow effect of SEK 1.2 billion which will affect the #volvo Group's operating income and cash flow in the first quarter of 2019.

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