AB Volvo evaluates the possibility of divesting Volvo Aero

AB Volvo evaluates the possibility of divesting Volvo Aero

As a step in further streamlining the Volvo Group towards commercial
vehicles, AB Volvo has initiated a process aimed at divesting Volvo
Aero.

“One of the prerequisites for a transaction being implemented is that a
divestment could enable Volvo Aero to enter into a structure that would
enhance the company's opportunities for further development in its
sector,” says Volvo CEO Olof Persson. “Another requirement is of course
that we are paid a reasonable price. We are currently conducting talks
with a number of potential buyers, but these are still at an early stage
and no definite decisions have been made.”
Volvo Aero is today a leading manufacturer of aerospace components and
its products are found in more than 90% of the world's large civil
aircraft.
Since streamlining towards commercial vehicles was initiated by the
Volvo Group at the end of the 1990s, in conjunction with the divestment
of Volvo Car Corporation, the Group has expanded to become one of the
world's leading manufacturers of heavy duty trucks, buses, construction
equipment, industrial and marine engines and heavy duty diesel engines.
November 21, 2011
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AB Volvo (publ) may be required to disclose the information provided
herein pursuant to the Securities Markets Act and/or the Financial
Instruments Trading Act.The information was submitted for publication at
15:00 a.m. in November 21, 2011.

The Volvo Group is one of the world's leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications and aerospace components. The Group also
provides complete solutions for financing and service. The Volvo Group,
which employs about 100,000 people, has production facilities in 19
countries and sells their products in more than 180 markets. In 2010
annual sales of the Volvo Group amounted to about SEK 265 billion. The
Volvo Group is a publicly-held company headquartered in Göteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For
more information, please visit www.volvogroup.com or www.volvogroup.mobi
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