AB Volvo to sell its stake in diesel engine maker Deutz

Industry:    2017-07-08

Swedish truck maker AB Volvo (VOLVb.ST) is selling its 25 percent stake in German specialty diesel engine maker Deutz AG (DEZG.DE), the book runner for the deal said on Thursday.

The book building process starts on Thursday and may close at any time on short notice, Deutsche Bank, acting as sole book runner, said in a statement, adding that Deutz would remain an important supplier to Volvo.

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