Hedin Mobility Group divests its shares in Hedin Caetano to Salvador Caetano Group
After four successful years together with Salvador Caetano, it is a natural next step for the operations in RN Nordic and RN Automotive to be taken forward under single ownership
Hedin Mobility Group AB (publ) and Salvador Caetano Group have entered into an agreement under which Hedin Mobility Group divests its entire shareholding in the jointly owned company Hedin Caetano AB to Salvador Caetano Group. In connection with the transaction, RN Automotive AB will also acquire the Renault and Dacia retail operations at three Hedin Automotive dealerships. Transfer of business is expected to take place on 30 June 2026.
Since 2022, Hedin Mobility Group and Salvador Caetano Group have, through the jointly owned company Hedin Caetano AB, been responsible for the import and distribution of Renault, Dacia and Alpine in Sweden, Denmark and Norway via the subsidiary RN Nordic AB. In 2025, the sister company RN Automotive AB was established, which is a retailer of Renault and Dacia at selected dealerships in the Swedish market.
Through the agreement now entered into, ownership of Hedin Caetano and all its operations in RN Nordic and RN Automotive is consolidated with Salvador Caetano Group. In connection with the transaction, RN Automotive AB will also acquire the Renault and Dacia retail operations at three Hedin Automotive dealerships: Eskilstuna, and Tagene and Åbro in Gothenburg.
Following the transaction, Hedin Mobility Group remains a significant retailer of Renault and Dacia in Sweden through its dealer group Hedin Automotive.
“After four successful years together with Salvador Caetano, it is a natural next step for the operations in RN Nordic and RN Automotive to be taken forward under single ownership, which is also in line with our ongoing work to streamline the group's operations. Renault and Dacia remain important brands for us, and we look forward to continuing that journey as a retailer," says Anders Hedin, CEO of Hedin Mobility Group.
”The partnership with Hedin Mobility Group has provided a solid foundation, and we now look forward to developing Renault, Dacia and Alpine further for the benefit of customers and dealers in Sweden, Denmark and Norway”, says Sérgio Ribeiro, Executive Board Member & CEO of Global Automotive Distribution of Salvador Caetano Auto Group
As a result of the transactions, repayment to bondholders will be made in accordance with the terms and conditions of Hedin Mobility Group AB’s outstanding bond loan. Further information will be disclosed in connection with completion of the transactions.