On  December 28th an agreement was signed between Volvo Car Corporation (”Volvo Cars”) and Sjätte AP-fonden, whereby Volvo Cars acquires 40 % of the ownership shares in Volvofinans Bank AB (“Volvofinans”), Sweden’s leading bank within the car financing business. As a consequence Volvofinans will be owned 50 % by Volvo Cars and 50 % by the Swedish Volvo trade through the company AB Volverkinvest. The deal will complete after necessary approvals have been obtained by the relevant authorities.

Setterwalls was advisor to Volvo Cars. Setterwalls’ team consisted primarily of Richard Hammarvid, Ingrid Sondell, Jesper Kuschel and Emily Ashton.