Rieder & Cía. Sale of the Volvo Cars Business Rights in Paraguay Garden Group

The Transaction consists of the sale of the Business Rights of the Swedish car brand "Volvo" for the Paraguayan territory by Rieder & Cía. to the Garden Group.

The Transaction allows Rieder & Cía. to focus its efforts on strategic sectors such as energy, industrial, agricultural, forestry, construction, and transportation. Rieder & Cía. will continue to represent and commercialize the Volvo brand for trucks, buses, and heavy machinery, as well as the SDLG brand, among others.

The Garden Group adds a premium brand to its portfolio, recognized for its focus on sustainability and elect vehicles. The Group will take over the distribution, commercialization, customer service, and after-sales services of Volvo Cars in Paraguay.

This Transaction is subject to the approval of the local Regulatory Entities.