Volvo: Confirms sell the rest of the Eicher, a capital gain of SEK 2.1 billion – Dagens Industri

Volvo: Confirms sell the rest of the Eicher, a capital gain of SEK 2.1 billion

                  2015-06-04 09:09
             

 (SIX) Workshop Company, Volvo confirmed that they sell remaining  shares in the listed Indian vehicle manufacturer Eicher Motors.       Sales corresponding to 1,005,610 shares, for a value of approximately  2.2 billion. The stock sale has no impact on either  ownership or development of the longstanding joint venture VE  Commerical Vehicles.       The sale will affect the Group's cash flow after  Net investments and net financial debt positively with the corresponding  amounts in the second quarter of 2015. Sales will also provide  rise to a capital gain of about SEK 2.1 billion, which affects  operating income in the Trucks segment in the second quarter of 2015th       It is clear from a press release.      Joakim Johansson, +46 31 350 64 84  mailto: joakim.johansson@six-group.se  www.blogg.six.seSIXNews  SIX News