Friday, July 27, 2007

Cevian's Gardell-Volvo still long-term investment

(Reuters) - Cevian said earlier on Friday that partner fund Parvus was
leaving the joint venture set up by the two firms to hold a
stake in Volvo, leaving it with shares equal to 4.2 percent of
votes in the truck maker.




"There is nothing dramatic about this. They want to
have disposal of their shares directly so they are being
transferred to Parvus," Gardell said.


Read more at Reuters.com Mergers News

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