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12-27-2017, 11:40 AM
The company that owns Volvo’s car business is now planting its flag on the separate truck company that also bears the Volvo name. Geely Holding will purchase an 8.2-percent stake in AB Volvo in a deal said to be worth $3.3 billion, reports Reuters. Geely will acquire all the shares previously held by Cevian Capital....
The post Geely Buys 8.2 Percent Stake of Volvo Truck (http://www.automobilemag.com/news/geely-buys-8-2-percent-stake-volvo-truck-company/) appeared first on Automobile Magazine (http://www.automobilemag.com).
More... (http://www.automobilemag.com/news/geely-buys-8-2-percent-stake-volvo-truck-company/)
The post Geely Buys 8.2 Percent Stake of Volvo Truck (http://www.automobilemag.com/news/geely-buys-8-2-percent-stake-volvo-truck-company/) appeared first on Automobile Magazine (http://www.automobilemag.com).
More... (http://www.automobilemag.com/news/geely-buys-8-2-percent-stake-volvo-truck-company/)