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Volvo eyes sale of Arquus to John Cockerill, takes $87 million hit

Volvo expected consultations to become finalised during the first quarter of this year. In 2022, Arquus, with about 1,200 employees in France, represented around 1% of Volvo Group revenues, it said in a statement.

“This prospective acquisition contributes to strengthening cooperation between France and Belgium in a strategic sector,” said Belgium’s John Cockerill in a statement.

($1 = 10.2926 Swedish crowns)


Source: Economy - investing.com

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