Volvo investor Gardell backs one share class

Newswire

STOCKHOLM, March 30 (Reuters) - Activist Volvo shareholder Cevian said on Friday it backed having one class of share for the company and ending a split into vote-powerful A shares and ordinary B shares. Many of Sweden's top companies have the different classes of shares, a structure which allows key shareholders to preserve control. Proponents say it leads to more long-term investors, which can help a company during difficult times. "We think Volvo should create a real shareholder ...

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