Renault announced today that it has completed the sale of 302,915,940 Series B shares in AB Volvo, representing 14.9% of share capital and 3.8% of the voting rights in AB Volvo, at a price of 93 SEK per share totaling 3.013 million euros.

"The successful sale of shares confirms investor confidence in future Volvo Volvo Group, which share with us, Renault remains a major shareholder, with 17.5% of the voting rights. The funds raised from this sale will enhance the financial strength of Renault, in preparation for the launch of a new strategic plan next year, "said Carlos Ghosn, CEO and Director of Renault-Nissan Alliance.

The second largest French manufacturer PSA Peugeot Citroen owns 6.8% of the capital of AB Volvo with 17.5% voting with class action

"Volvo AB is the Swedish company producing the heavy commercial vehicles such as trucks, buses, construction equipment, using the name" Volvo "with" Volvo Cars ", which produces passenger cars.

Source: http://www.renault.com/