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Old 05-30-2007, 01:00 PM
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Arrow Volvo postpones redemption of outstanding shares in Nissan Diesel

STOCKHOLM (Thomson Financial) - AB Volvo said that for administrative reasons, it will not be able to request redemption of the remaining shares outstanding in Nissan Diesel at the company's Annual General Meeting in June.

Instead, this will be done at an Extraordinary General Meeting at Nissan (nasdaq: NSANY - news - people ) Diesel that will be held at the end of August, at the earliest, Volvo said.

Volvo estimates that the redemption procedure will be completed during 2007, and reiterated that Nissan Diesel will be delisted from the Tokyo Stock exchange during July.

Volvo said that it has also received the final approval from the anti-trust authorities in South Africa, which means that the takeover is now fully implemented.

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Source: [url=http://www.forbes.com/business/feeds/afx/2007/05/30/afx3768315.html]Forbes[/url]
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