Volvofinans acquires portfolio of leasing contracts from Volvo Car Sweden

Volvofinans (a part of Ziklo Bank) has today, November 22 2024, agreed with Volvo Car Sweden on the acquisition of a portfolio consisting of leasing objects to both private and corporate customers, known under the name Care by Volvo. The transaction amount is SEK 1.8 billion and constitutes a first step in the transaction described in our press release on October 30  2024.

-          We are very happy to take over the Care by Volvo contracts. For over 65 years, Volvofinans, together with Volvo Cars and the Swedish Volvo Dealers, have strived to give our customers the very best experiences. With our joint offer we build both business and loyalty – and now, in the face of the future mobility, we stand even stronger together, says Joel Graffman, CEO at Ziklo Bank.

This information is such that Ziklo Bank AB (publ) is obliged to make public according to the EU's market abuse regulation (EU no. 596/2014). The information was submitted, through the care of the above contact person, for publication on November 22, 2024 at 16:15 CET