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Volvo CE to Sell Off Ownership in China-Based SDLG

Summary by Manufacturing Dive

The roughly $839 million sale would allow the construction equipment giant to refocus its regional strategy as it expands operations across Europe and North America.

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Volvo CE to sell off ownership in China-based SDLG

The roughly $839 million sale would allow the construction equipment giant to refocus its regional strategy as it expands operations across Europe and North America.

16 hours ago

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大纪元 Epoch Times

Volvo to Sell Shandong Lingong Shares in China What Does It Mean

Volvo Group announced on Tuesday (June 24) that it would sell 70% of its Shandong Lingong Construction Machinery Co., Ltd. and acquire European construction equipment supplier Swecon to refocus on its core brands. Analysts said Volvo's move showed the impact of China's real estate crisis on the construction industry.

1 day ago

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pressreach.com

Volvo Construction Equipment refocuses its presence in China - divests its shares in SDLG - PressReach

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2 days ago

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Equipment Journal

Volvo CE sells majority stake in SDLG

Volvo CE has signed a contract to sell its shares in China-based SDLG (Shandong Lingong Construction Machinery Co). The company will sell its entire 70 per cent stake in SDLG to the Lingong Group (LGG). Volvo will sell its shares … The post Volvo CE sells majority stake in SDLG appeared first on Equipment Journal.

2 days ago

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