Feared Take Over of Swedish Volvo Trucks

News reports claim that a Swedish capital risk company has bought 5% of the Swedish Volvo trucks concern – with speculation that a future take-over is planned.

The company is well known for buying into firms, plundering them for capital and breaking them up into smaller pieces.

Swedish Prime Minister Göran Persson is calling for the Swedish pension funds to buy into Volvo to prevent any take over.

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