Volvo Group has completed the sale of a Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock
Volvo Group has now completed the previously announced divestment of a Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock Co., Ltd (NHL) for approximately SEK 1.0 billion. The divestment resulted in a capital gain of approximately SEK 0.8 billion, which will affect the Volvo Group's operating income, in the segment Construction Equipment, in the second quarter of 2018.The divestment has a positive impact on the Volvo Group's cash flow and net financial position of approximately SEK 1.0 billion. Volvo Construction Equipment will continue to sell components for