Volvo trucks ahead with $310m Eicher Motors sale

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Volvo trucks ahead with $310m Eicher Motors sale

Volvo

Swedish truck maker Volvo Group has raked in Rp19.19bn ($310m) by selling some of its stake in Indian automobile manufacturer Eicher Motors via an overnight block trade that was wrapped up on the morning of March 4. Robust demand allowed the seller to offload far more shares than originally planned, as investors piled into a story they understood and liked.

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