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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