Tag: SDLG
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Volvo CE to Divest Stake in SDLG, Refocus Strategy in China
Volvo Construction Equipment has announced plans to sell its 70% ownership stake in Chinese construction equipment manufacturer SDLG. The shares will be transferred to a fund primarily owned by Lingong Group (LGG), the existing minority shareholder in SDLG. The move marks a strategic shift for Volvo CE, which intends to narrow its focus in the…
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Volvo CE to Divest Stake in SDLG, Refocus Strategy in China
Volvo Construction Equipment has announced plans to sell its 70% ownership stake in Chinese construction equipment manufacturer SDLG. The shares will be transferred to a fund primarily owned by Lingong Group (LGG), the existing minority shareholder in SDLG. The move marks a strategic shift for Volvo CE, which intends to narrow its focus in the…
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Volvo CE to sell off ownership in China-based SDLG
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Volvo Construction Equipment is selling its 70% stake in China’s Shandong Lingong Construction Machinery Co as part of a strategic revamp to reduce its exposure to the country. The multinational company said Tuesday that its…