Volvo block delivers GS to EMEA summit

14 Dec 2012

Renault completed an exit from its remaining 6.5% stake in truck firm Volvo on Thursday morning, taking probably the last chance this year to offer the Skr12.8bn ($1.9bn) block through an accelerated bookbuild.

It mandated Goldman Sachs as sole bookrunner for the deal as it did two years ago for a more surprising $4.2bn sale of a first tranche of the shares.

The 2010 deal might have caught other banks napping but this time many were looking at the possibilities of a ...

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