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Business - Sweden - Investment group eyed Renault's stake in truckmaker Volvo
STOCKHOLM,Sweden -Reuters/ magazine Affarsvarlden -August 23, 2006: -- Investment firm Industrivarden has met with Renault several times to express its interest in buying the French car maker's 20 percent stake in Volvo, a magazine reported today, ... citing an unnamed source, that "the Handelsbanken sphere's investment vehicle Industrivarden has on several occasions met Renault and voiced its interest in buying its (Renault's) stake"... Volvo has been the center of speculation lately after a report that hedge fund Sandell Asset Management was trying to drum up support for a bid or pressure it to return some of its around 30 billion crowns ($4.2 billion) in cash and marketable securities... At the end of last year, the group had a net financial asset position of 23.7 percent of shareholders' equity and minority interests...
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