Volvo’s stake in Polestar will shrink from 48 to 18%

Tony Verhelle

February 26, 2024

Until now, Volvo cars was the main shareholder in Polestar with 48%. It will reduce this to 18% before the endo of April /Polestar

Volvo Cars will reduce its stake in Polestar to 18%. To this end, the Swedish firm aims to sell shares worth 9.5 billion crowns (± €850 million) to its shareholders. In other words, first and foremost, it is to the mother company, Geely. The transaction is scheduled to be finalized this spring
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