Volvo Group has sold its shares in Deutz AG.
The Volvo Group has sold its sharein the German listed engine manufacturer Deutz AG. Divestment proceeds amount to SEK 1,897 M, corresponding to SEK 62.73 per share (EUR 6.50). The sale results in a capital gain of approximately SEK 350 M that will enhance operating income in the third quarter of 2017. Volvo Group owned 25% of total shares in Deutz. The sale will have a positive impact on Volvos cash flow and the net financial position in the Industrial Operations in an amount of SEK 1,897 M.
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