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Volvo Sells Commercial Real Estate for SEK2b 2014-03-28 07:38:15.415 GMT
By Veronica Ek March 28 (Bloomberg) -- Purchase consideration of ~SEK2b is on cash, debt free basis. * Net financial debt in Industrial Operation expected to be reduced by ~SEK1.9b * Deal expected to have ~SEK900m positive impact on 2Q op. income * Commercial real estate sold to cos jointly owned by Hemfosa Fastigheter, Sagax and to cos owned by Sagax * Completion of transaction subject to approval from Swedish Competition Authority * Statement: NSN N34Y6I3PWT1E <GO>
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To contact the reporter on this story: Veronica Ek in Stockholm at +46-8-610-0722 or vek@bloomberg.net To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net