Volvo Cars proposes to distribute 62.7 percent of its Polestar stake to its shareholders

Volvo Cars announced on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in Swedish electric vehicle manufacturer Polestar to its own shareholders. The proposed distribution follows the evaluation of the Polestar Shareholding that was communicated on 1 February 2024 and will enable Volvo Cars to concentrate its resources […]