AB Volvo acquires shares in Deutz AG

AB Volvo has signed an agreement under which the company is offered the opportunity to increase its shareholding in Deutz AG from 6.7% to just over 25% by acquiring a total of 22,117,693 shares from Same Deutz-Fahr Group at a price of EUR 5.88 per share. Completion of the transaction is subject to the fulfillment of a number of conditions, including the approval of the relevant competition authorities. The transaction would make AB Volvo the largest shareholder in Deutz AG.“Deutz AG has been an important supplier and partner for many years,” says Olof Persson, Volvo’s CEO. “The increase in