SDF to Sell Majority Stake in Deutz to Volvo

Tractor maker Same Deutz-Fahr will get a $161 million windfall by selling most of its majority shareholder in engine maker Deutz.

The Italy-based group has agreed to sell more than 22 million shares to AB Volvo, the trucks, coaches, aerospace and construction machinery group. The price of 5.88 euros per share represents a 12% premium on the average over the three months preceding the agreement.

“Deutz has been and remains an important supplier and strategic…

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