Volvo Cars raises US$533M via issuance of preference shares to Swedish investors
Green Car Congress
DECEMBER 20, 2016
The share sale follows two bond issues earlier this year, a €500-million (US$521-million) bond to global institutional investors in May, and a further SEK3 billion (US$320 million) to Swedish institutional investors in November. The latest financing move is another step towards Volvo Cars’ long-expressed ambition to act as a listed company.
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