Volvo sells holding in the listed Indian company Eicher Motors Limited
The Volvo Group has sold 1,270,000 shares in the listed Indian automotive manufacturer, Eicher Motors Limited, for an amount totaling approximately SEK 2,5 billion. The divestment of shares has no effect on ownership or the development of the longstanding joint venture, VE Commercial Vehicles. The sale will have a positive impact on the Volvo Group’s cash flow after net investments and net financial debt in a corresponding amount in the first quarter of 2015. The sale will also generate a capital gain of approximately SEK 2,4 billion, which will impact operating income in the Trucks segment