Volvo concludes disposal of shares in Pharmacia&Upjohn
VOLVO CONCLUDES DISPOSAL OF SHARES IN PHARMACIA&UPJOHN Volvo is now concluding the disposal of its remaining holding, of 9,879,616 shares, in Pharmacia&Upjohn. As a result of the disposal Volvo will report revenues amounting to approximately SEK 3.4 billion and a book gain of slightly more than SEK 2.3 billion in the fourth quarter of 1998. At the beginning of 1998, Volvo's holding in Pharmacia&Upjohn amounted to 3.9 percent, or a total of 19,759,232 shares. In June this year, Volvo sold 50 percent of this holding to JP Morgan, with a reported capital gain of SEK 2.1 billion. At the same