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Volvo CE said paid 327.5 mln yuan for 70 pct stake in China's Lingong


Published : Fri, 19 Jan 2007 10:08
By : Agencies
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STOCKHOLM (AFX) - AB Volvo said Volvo Construction Equipment's acquisition of 70 pct of the shares in China's Shandong Lingong Construction Machinery Co. (Lingong), has now closed and that it 327.5 mln yuan for the stake.

Volvo said the deal has no material impact on its financial position.

Volvo announced the acquisition at the end of September last year, without giving any financial details.

TF.TFN-EuropeStockholm@thomson.com

hc/lam

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