Ownership changes

In October 2010, AB Volvo's main shareholder, Renault, sold its entire holding of 302,915,940 B shares. Buyers of the shares were a large number of institutions from around the world. Through the sale, Renault's holding in AB Volvo decreased from 21.8% of the capital and 21.3% votes to 6.8% of the capital and 17.5% of the votes. Even after the sale, Renault continues to be AB Volvo's largest owner based both on capital and on voting rights.