On December 13, Renault announced that it had sold approximately 138.6 billion A shares of the Volvo Group. The transaction will not affect the long-term strategy and concern of Volvo Group for Renault Trucks. “The act of Renault AG’s sale of shares in the Volvo Group will not change the long-term strategy and focus of the Volvo Group on Renault Trucks,†said Europa Payson, President and CEO of Volvo Group. "The Volvo Group has established a new organization in its network of companies and agents. The position of Renault Trucks in the Volvo Group will be further clarified and strengthened." Relax and stay warm in the beautiful outdoors with this Firetable. With a round structure of sleek, sturdy iron, this charcoal firetable not only offers an incredible style to your garden or backyard but is also perfect for parties due to its easy seating arrangement and built-in tank holder. This round fire table comes with a burner cover that you can use to cover the fire pit when not in use, allowing you to use this as a side table as well. Our fire tables are all CE listed for safety and quality. As a professional company produced for fire table, we strive to provide safe and reliable products you and your family can trust to bring into your backyard. Round Fire Table,Fire Table Top,Charcoal Fire Table,Charcoal Round Firetable Zhongshan Hangsam Electrical Appliance , https://www.zsgrillfireplace.com
Renault holds a total of 138.6 million shares of Volvo Group A shares, which is approximately 6.5%. Because A shares have more voting rights than B shares, this share represents 17.2% of the voting rights; Renault plans to take this part of the shares. It was sold to institutional investors (Institutional Investor) to withdraw debt and improve financial stability.
Renault acquired the shares of the Volvo Group when Volvo Group purchased Renault Trucks and Mike Trucks in 2001. The two truck companies were then known as Renault Commercial Vehicles. Renault AG is one of the owners of the Volvo Group. While the Volvo Group focuses on the development of commercial vehicles, Renault AG will focus on the passenger vehicle business.