Volvo investor backs activist fund in board fight


STOCKHOLM, Sept 26 (Reuters) - A Volvo shareholder has challenged a refusal by its chairman to give a board place to activist fund Cevian, which has 5 percent of voting shares in the Swedish truckmaker. Investment fund Oresund, which has 1 percent of voting rights and has said it supports Cevian, said in an open letter that Volvo was not being consistent in its application of the rules for board representation. "We want the Swedish corporate governance board to check whether this ...

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