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Volvo Cars to reduce 62.7% of its ownership in Polestar Automotive Holding
On February 23, Volvo Car AB announced its board of directors' proposal to distribute 62.7% of its stake in Polestar Automotive Holding UK PLC (Polestar), equivalent to approximately SEK 9.5 billion, to Volvo Cars' shareholders at the 2024 annual general meeting (AGM). If the AGM approves, Volvo Cars will retain 18% ....
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