UPDATE 2-Cevian says Parvus leaving Volvo stake-holder JV

Newswire

(Adds Cevian, analyst comment, updates share) By Niklas Pollard STOCKHOLM, July 27 (Reuters) - Activist shareholder Cevian Capital said on Friday partner 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 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 previously held 5.4 percent of ...

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