Volvo Group Sells Shares in Deutz AG

The Volvo Group has sold its complete holding in 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 will result in a capital gain of approximately SEK 350 M that will impact operating income in the third quarter of 2017.

Volvo Group has 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 in an amount of SEK 1,897 M. The capital gain will be reported in the segment “Group functions and Other.”