Skadden Arps Meagher & Flom has taken the lead role on Renault's €3bn (£2.6bn) sale of a majority stake in Volvo, in one of the largest Scandinavian equity deals of the past decade. In a move aimed at meeting its debt reduction goal, French car manufacturer Renault has sold all of its so-called 'B shares' in Sweden's Volvo, which represent approximately 14.9% of the share capital and 3.8% of the voting rights in the company.
October 11, 2010 at 11:36 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Meagher & Flom has taken the lead role on Renault’s €3bn (£2.6bn) sale of a majority stake in Volvo, in one of the largest Scandinavian equity deals of the past decade.
In a move aimed at reducing its debts, French car manufacturer Renault has sold all of its so-called ‘B shares’ in Sweden’s Volvo, which represent approximately 14.9% of the share capital and 3.8% of the voting rights in the company.
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