Renault talking to Investor on Volvo stake -report

Tue Mar 24, 2009 11:27am EDT
 
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STOCKHOLM, March 24 (Reuters) - Renault (RENA.PA) is in talks on a possible sale of its stake in world no. 2 truckmaker Volvo (VOLVb.ST) to Investor AB (INVEb.ST), a Swedish business weekly reported on Tuesday, citing unidentified sources.

Business magazine Veckans Affarer reported on its website that Renault was in discussions on a deal that would make Investor AB, the holding company of the powerful Wallenberg business family, Volvo's biggest owner. It did not disclose its sources.

Renault owns just over 20 percent of the truckmaker.

Investor AB and Volvo were not immediately available for comment. (Reporting by Niklas Pollard and Johannes Hellstrom, editing by Will Waterman)