TIL that Sweden had a chance at Norways oil resources for 40% of Volvo back in the late 70s, but Volvo shareholders believed it was being sold too cheap and declined. Norway oil fund is now over 1 trillion $ and Volvo was sold in 2010 to a Chinese company for 1.8 billion.
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Submitted August 02, 2020 at 01:55PM by JustAthought2think https://ift.tt/3fodtMC
Submitted August 02, 2020 at 01:55PM by JustAthought2think https://ift.tt/3fodtMC
TIL that Sweden had a chance at Norways oil resources for 40% of Volvo back in the late 70s, but Volvo shareholders believed it was being sold too cheap and declined. Norway oil fund is now over 1 trillion $ and Volvo was sold in 2010 to a Chinese company for 1.8 billion.
Reviewed by M. Amaar Tahir
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