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Sweden's Volvo sells reinsurance unit

STOCKHOLM, Dec 17 (Reuters) - World number-two truck maker Volvo is selling its reinsurance company Volvo Group Re (Luxembourg) S.A., generating a capital gain of 34 million crowns ($5.08 million), the firm said on Friday.

The buyer of the unit is Ikano S.A., a Luxembourg-based holding company owned by furniture group IKEA's founding Kamprad family.