UPDATE 1-Volvo says to buy back up to 4.3 bln SEK of shares

Newswire

(Adds share price reaction, analyst quote) STOCKHOLM, June 17 (Reuters) - Swedish truck maker Volvo AB said on Thursday it would spend up to 4.3 billion crowns ($571 million) buying back its shares. The world's second largest truck-maker said it would buy back around 22 million shares to improve its capital management. "This is fully in line with what we had expected they would do, so it shouldn't have all that much of an impact on the stock," Handelsbanken analyst Carl Holmquist said. ...

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