Sweden: AB Volvo sells aero subsidiary to GKN

AB Volvo has divested its subsidiary Volvo Aero, a manufacturer of components for aircraft and rocket engines, to British company GKN. The transaction is valued at SEK 6.9bn (US$990.72m). The sale is scheduled to be completed in the third quarter of 2012. Volvo expects the sale to generate a capital gain Subscribe to Automotive World to … Continued

• By Webmaster
• July 6, 2012