Divestment of subsidiaries in Upplands Motor Holding AB to Volvo Personvagnar Norden AB — Amount not disclosed

Carnegie acted as financial adviser in the divestment of subsidiaries in Upplands Motor to Volvo Cars. The transaction includes the Upplands Motor subsidiaries related to the company’s Volvo, Renault, Ford (service) and Dacia businesses.
Upplands Motor was founded in 1964 and has since grown to become one of the Stockholm region’s largest car dealers. With over 800 employees and 9 facilities, the company has a strong position within service and sales of cars and transport vehicles. In 2019, Upplands Motor generated sales of SEK 5.2 billion, of which the now acquired subsidiaries contributed SEK 3.8 billion.
September 2020.