Norway Bought SEK400 Million Worth Of Volvo Shares In December – Report

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The FINANCIAL — The Norwegian state bought shares in Swedish truck maker Volvo AB for SEK400 million ($60.2 million) in December, Swedish daily Dagens Industri reports, without citing any sources.

 

According to Borsa Italiana – London Stock Exchange Group , the Norwegian state's oil fund now owns SEK5.6 billion worth of shares in the Swedish company, corresponding to 3% of the total share capital.

Norway's stake in Volvo has been built up over three years, the paper said, and purchases made during 2011 have resulted in Norway now being the fifth biggest owner in the company following Renault SA (RNO.FR), Industrivarden, Alecta and Swedbank Robur.

Volvo is the world's second biggest truck maker after Daimler.

 

 

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