Volvo (VLVLY), Renault Group and CMA-CGM have made an agreement to make a strategic change to the business model of Flexis. Renault will buy Volvo’s 45 % ownership and CMA-CGM’s 10% in Flexis S.A.S. Volvo Group, through Renault Trucks, will remain a partner and investor in the project and will distribute Flexis developed products from 2027. The transaction has no material impact on the Volvo Group earnings. This agreement is subject to regulatory approval.
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