February 26, 2018 / 7:38 AM / 3 months ago

BRIEF-AB Volvo revises board proposal after Geely owner Li Shufu buys stake in Daimler

Feb 26 (Reuters) - AB Volvo:

* PRESS INFORMATION FROM AB VOLVO’S ELECTION COMMITTEE. AB VOLVO’S ELECTION COMMITTEE PRESENTS REVISED BOARD PROPOSAL

* SAYS ‍ELECTION COMMITTEE NO LONGER PROPOSES RE-ELECTION OF HÅKAN SAMUELSSON​

* SAYS ‍REVISED BOARD PROPOSAL DUE TO ANNOUNCEMENT THAT LI SHUFU, VIA GEELY GROUP, HAS BECOME LARGEST SHAREHOLDER IN DAIMLER

* VOLVO CAR GROUP, IN WHICH HÅKAN SAMUELSSON IS CEO, IS A SUBSIDIARY OF ZHEIJANG GEELY HOLDING GROUP WHOSE MAIN OWNER IS LI SHUFU​

* SAYS ‍ELECTION COMMITTEE’S PROPOSAL IS OTHERWISE UNCHANGED IN RELATION TO PROPOSAL PRESENTED ON FEBRUARY 23, 2018​ Source text for Eikon: Further company coverage: (Stockholm Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below