Geely and Volvo Cars consider merger and listing
Global deal making has picked up in the past year as Volkswagen and Ford agreed to co-operate and Fiat Chrysler is to merge with PSA
10 February 2020 - 20:43
Stockholm/Beijing — Volvo Cars owner Li Shufu on Monday set out to combine the Swedish carmaker he bought in 2010 with his Hong Kong-listed automobile unit to create a company with the scale to compete in a rapidly consolidating global market.
Volvo, wholly owned by Li’s Geely Group, will start a process to merge with publicly traded Geely Automobile Holdings, according to a statement. The enlarged company would be listed in Stockholm as well as Hong Kong, where Geely Automobile trades now. The new structure could be in place by the end of 2020, a Volvo spokesperson said...
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