Post Tagged with: "Zhejiang Geely"

Zhejiang Geely buys stake in Volvo AB

Despite China making it harder for money to be moved outside, Zhejiang Geely Holding Group (popularly termed as Geely) has acquired an 8.2 per cent stake in AB Volvo claim industry sources. The 8.2 per cent stake is said to be bought from the activist investment firm Cevian Capital at a value of USD 3.2 billion approximately. After buying Volvo[Read More…]

by February 16, 2018 News