28 Dec '17, 9am

#Geely Holding becomes largest shareholder in truckmaker AB Volvo; $3.3B investment

Geely Holding accelerates drive into commercial vehicles by becoming largest shareholder in truckmaker AB Volvo; $3.3B investment 28 December 2017 Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, will acquire Cevian Capital’s entire 8.2% share capital holding and 15.6% voting rights in AB Volvo, the leading Swedish manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. Reuters calculated the value of the investment at $3.26 billion. The strategic investment follows Geely Holding’s 2010 acquisition of Volvo Car Group from Ford Motor Company, and will form part of an automotive manufacturing and investment portfolio that also includes a controlling stake in Geely Auto Group as well as strategic investments in PROTON Holdings Bhd, Lotus Advance Technologies and ownership of the L...

Full article: http://www.greencarcongress.com/2017/12/20171228-geely.html

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Geely to acquire 8.2% stake in truckmaker AB Volvo

paultan.org 29 Dec '17, 3am

Zhejiang Geely Holding (ZGH) Group has announced it plans to secure an 8.2% stake in AB Volvo from Cevian Capital, which i...

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techon.nikkeibp.co.jp 29 Dec '17, 2pm

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