CORRECTED - Cevian says Parvus leaving Volvo stake-holder JV

Newswire

(Corrects description of Parvus to a UK fund, not a Swedish fund, in first paragraph) STOCKHOLM, July 27 (Reuters) - Activist shareholder Cevian Capital said on Friday UK fund Parvus was leaving the joint venture set up by the two firms to hold a stake in Volvo , the world's second-biggest truck maker. Cevian said in a statement the decision by Parvus to exit the Violet Partners L.P. joint venture reduced Violet's stake in Volvo to 4.2 percent of votes and 1.6 percent of capital. It ...

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