China's Geely adds Volvo truck and bus stake to car operation
China's most-acquisitive car maker aims to become a global player.
Chinese motor vehicle Zhejiang Geely Holding is backing up its ownership of Sweden’s Volvo Car with a $US3.24 billion stake in its truck and bus-making operation.
Geely says it has reached an agreement with Cevian Capital to acquire its entire 8.2% equity stake and 15.6% voting rights in Volvo,
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Nevil Gibson
Thu, 28 Dec 2017
Thu, 28 Dec 2017
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China's Geely adds Volvo truck and bus stake to car operation
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