Bilia has reached an agreement in principle with Volvo Cars in Sweden and Norway to continue selling new Volvo cars at 44 facilities, 34 in Sweden and 10 in Norway. In Sweden Bilia will continue to be a dealer for new Volvo cars in the city regions of Stockholm, Gothenburg, Malmö and Västerås, while Bilia in Norway will be leaving the Oslo city area. We are very proud and delighted of this continued confidence, and look forward to working with Volvo Cars to drive the transformation process for the car dealers of tomorrow, with a focus on a modern, worry-free customer experience.
As a result of the agreement with Volvo Cars, Bilia has signed binding letters of intent to sell eight facilities, four in Skaraborg and four in Bergslagen, to two Volvo dealers. Bilia will not sell new Volvo cars at three facilities in Sweden, which means that other operations will be conducted there moving forward. Three facilities in Norway will be sold to a Norwegian Volvo dealer, and one facility in Sweden will be sold to a third party. We are delighted that experienced, well-established Volvo dealers will be taking over and managing these facilities, along with our skilled personnel.