As a step in further streamlining the Volvo Group towards heavy 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 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.
