VOLVO CARS REFINANCES SEK5 BILLION OF EXISTING PREFERENCE SHARES
SEK5 Billion of covertable preference shares to an association of Swedish Institutional Investors
Volvo cars expressed SEK5 billion worth of convertable preference shares to an association of Swedish Institutional Investors, comprising swedish pension fund AMF and Swedish Insurance. The preference proportions can be repurchased or converted into common shares. Volvo cars career and administration have continued to progress strongly in recent years, Volvo cars has been sucessful to take market shares around the globe.
Earlier in 2018, Volvo cars launched it's first fully electric car i.e XC40 Recharge. By 2025, Volvo cars expect half of it's global sale volume to be fully automatic. Volvo cars was founded in 1927, today it's among the top class car brands. Volvo cars has been under the ownership of the Zheijiang Geely Holding of China.