UPDATE 3-Volvo takes major stake in Nissan Diesel

Newswire

(Adds conference call quotes) By Patrick Lannin and Chang-Ran Kim STOCKHOLM/TOKYO, Sept 25 (Reuters) - Swedish truckmaker Volvo said on Monday it would pay 4 billion crowns ($553.2 million) to lift its Nissan Diesel Motor Co stake by 33.5 percent to 46.5 percent, boosting its Asian business. Volvo, the world's number two truckmaker, is under pressure from activist shareholder Cevian to lift shareholder returns. Volvo wants to complete acquisitions before raising payouts. The latest ...

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