Volvo (VOLVY.PK) is planning to sell its North American construction-equipment rental business, Volvo Rents, which may be worth between $1 billion and $1.5 billion, the Bloomberg reported on Thursday citing two people familiar with matter.
Citing the people, the report said that the business has attracted interest from private-equity firms as well as companies. The company is considering a sale of the rental unit as it shifts its focus to profitability from sales growth.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.