Volvo has sold a Chinese subsidiary which holds shares in Inner Mongolia North Hauler Joint Stock for SEK 1 billion.
Selling the subsidiary has resulted in a 0.8 billion gain for the Volvo Group that will go onto affect the companies operating income in Construction Equipment during the second quarter of 2018.
Selling the subsidiary is seen to have a positive impact on the Volvo Group's cash flow and net financial position of approximately SEK 1.0 billion.
After the divestment is completed, Volvo Construction Equipment will continue to sell components for rigid haulers to NHL.