Volvo Cars to Take Full Control of its Chinese Business From Automaker Geely as it Explores a Possible IPO

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Volvo Cars to Take Full Control of its Chinese Business From Automaker Geely as it Explores a Possible IPO

Swedish automaker Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding (Geely) from its joint ventures in China, in a move that could make a possible initial public offering (IPO) of Volvo Cars more attractive to investors. Chinese automaker Geely is the parent company of Volvo Cars and the two companies are joint venture partners in China building cars for the local market.

Volvo Cars to Take Full Control of its Chinese Business From Automaker Geely as it Explores a Possible IPO

2021-07-22 11:03

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