Renault Sells $4.2 Billion Volvo Stake

Skadden is representing Renault SA in its approximately $4.2 billion sale of a stake in Swedish truck manufacturer Volvo AB to institutional investors, announced on Oct. 7, 2010. The transaction was completed via an accelerated book-building offering managed by Goldman Sachs International, and is the largest sole bookrunner private placement ever done in Europe and the largest Scandinavian equity deal in the past 10 years.