(IN BRIEF) Volvo Construction Equipment (Volvo CE) has completed the sale of its ownership in SDLG, transferring the stake to a fund mainly controlled by Lingong Group for SEK 8 billion (about 6 billion RMB). The divestment is expected to … Read the full press release
Posted in Automotive, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Sweden, Technology, Transportation & Logistics
Tagged China construction equipment market, Gothenburg, LGG, Lingong Group, Nasdaq Stockholm, partnership, SDLG, SEK 8 billion divestment, Shandong Lingong Construction Machinery, supplier ecosystem, sustainability, Volvo CE, Volvo Construction Equipment, Volvo Group
(IN BRIEF) Volvo CE will sell its 70 percent share in SDLG to an LGG-controlled fund for SEK 8 billion, with closing expected in H2 2025 pending approvals. The deal, recognizing a SEK 1 billion one-time operating income gain (subject … Read the full press release
Posted in Automotive, Business, Construction, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Sweden, Technology
Tagged Chinese supplier ecosystem, heavy infrastructure, LGG fund, Lingong Group, Melker Jernberg, Mining Sector, operating income impact, partnership, premium equipment, quarry aggregates, SDLG divestment, Volvo CE, Volvo Construction Equipment
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