Renault has sold its remaining stake in VOLVO AB

Renault announced today the successful completion of the institutional private placement of 138,604,945 Series A shares of Volvo AB, its entire stake in the Series A shares, representing  6.5% of the share capital and 17.2% of the voting rights in Volvo AB, at a price of 92.25 SEK per share. The proceeds from the transaction amounted to 12;78 billion SEK*.

(* equivalent indicative value in euro = €1,476 million, at an exchange rate of 8.6612 SEK = 1€)