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Provider: Reuters Investment Profile
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$20.00
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Renault SA Sells Its Remaining Stake in Volvo AB
Renault SA announced the completion of the institutional private placement of 138,604,945 Series A shares of Volvo AB, its entire stake in the Series A shares, representing 6.5% of the share capital and 17.2% of the voting rights in Volvo AB, at a price of SEK 92.25 per share. The proceeds from the transaction amounted to SEK 12.78 billion.
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