AB Volvo to sell Volvo Rents in North America

As part of its strategic effort to focus on the core business, the Volvo Group has agreed to sell Volvo Rents to the US private equity firm Platinum Equity for approximately SEK 7.2 billion. At closing, net financial debt in the Volvo Group’s Industrial Operation is expected to be reduced by the same amount. The transaction is expected have a negative impact on the Group’s operating income of approximately SEK 1.5 billion in the fourth quarter of 2013. A pre-requisite for completion of the transaction is that Platinum Equity is successful in a debt offering to be made to finance its