Volvo Sells Stake in Chinese Construction Equipment Maker for $833 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2025
0mins
Source: WSJ
Volvo's Stake Sale: Volvo has agreed to sell its 70% stake in Shandong Lingong Construction Machinery Co for approximately $833 million to minority shareholder Lingong Group.
Background of the Investment: Volvo acquired the stake in 2006 to enter the Chinese construction equipment market but has decided to divest its holding now.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
