Volvo Cars raises US$533M via issuance of preference shares to Swedish investors
Green Car Congress
DECEMBER 20, 2016
Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The preference shares may be repurchased or converted into listed ordinary shares upon the majority shareholder’s decision. At this time, no decision has been taken.
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