Cevian in Volvo long-term, still wants board seat

Newswire

STOCKHOLM, Feb 23 (Reuters) - Investment fund Cevian is a long-term owner of Volvo shares, its head Christer Gardell said, adding the fund hoped to get on the world number two truck maker's board next year despite a rebuff on Friday. Cevian with partner Parvus Asset Management has declared a 5.3 percent holding of votes in Volvo but the truck maker's nomination committee left it off a proposed new board. "We are in it for the long term," Gardell told Reuters. "Our ambition is still to ...

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