Geely bought Volvo again? Yes, this is the parent company of Volvo2017-12-28 18:29:56 734 ℃
according to Geely Holding Group, said today, Geely announced the European fund company Cevian Capital (hereinafter referred to as Cevian) to reach an agreement, the acquisition of its holdings of Volvo group (AB Volvo) 88 million 470 thousand shares of A shares and 78 million 770 thousand shares of B shares. After the project delivery, Geely holdings will have a 8.2% stake in Volvo, the first largest shareholder and 15.6% voting rights.
Volvo group is headquartered in Sweden, is the global leader in trucks, buses, construction equipment, marine and industrial engine manufacturer, owns Volvo trucks, UD truck, Renault Trucks, passenger cars, passenger cars, Volvo cars, Volvo Paivio Nova penta engines and other brands. Christer Gardell, the executive vice president of Geely Holding Group, CFO Li Donghui and Cevian, signed the equity purchase agreement on behalf of both sides. The transaction is still subject to approval by regulatory authorities.
Geely Holding Group Chairman Li Shufu said: "I am pleased with the Cevian in an acquisition of Volvo group equity agreement, so we have a chance to become a world leading commercial vehicles and construction equipment R & D, manufacturing and sales enterprise of the first big shareholder. We will learn from the successful experience of cooperation with Volvo automobile, respect and inherit the history and culture of Scandinavia, the Volvo group has a leading position in the market, excellent innovation ability as well as energy saving and environmental protection technology, support the Volvo group board of directors and management in accordance with the established strategy to carry out the work."
Geely Holding Group Executive Vice President, CFO Li Donghui said: "Geely is a long-term strategic investor friendly as everyone knows, the confidence of commercial vehicles and construction equipment market development. We look forward to deepening cooperation with the Volvo group, Geely in Chinese play market development experience, exploration in electrification, automatic driving, car networking and other fields to develop a global business cooperation opportunities, Volvo group, profitability continued to improve and make a positive contribution."
the project is Geely holdings since 2010 from Ford's acquisition of Volvo automobile group (Volvo Cars) after an important strategic investment, Geely Holding Group has Polestar, Volvo automobile, Geely Automobile, automobile, collar grams of London electric cars, remote commercial vehicles and other well-known brands. This year, Geely also conducted a strategic investment in proton cars, lutesi automobile and so force flying car.
Guess you like
- 2018-09-21The Dow opened more than 150 points and stood at 25,000 points.
- 2018-09-20Will housing prices rise or fall in the next five years?
- 2018-09-18Should I give pensions to the elderly over 60 years old in rural areas? Can you afford it?
- 2018-09-17Two sections are approaching, the Ministry of Commerce speaks: actively expand consumption and promote consumption upgrade
- 2018-09-12Does the trade war affect US companies operating in China? Ministry of Foreign Affairs: Digital Cases
- 2018-09-09Alibaba confirmed: Ma Yun will announce the company's heritage plan next Monday
- 2018-09-08"Tax legal" speed up! Real estate tax law and other 11 tax laws appeared in the five-year legislative plan
- 2018-09-06Development and Reform Commission: private investment accounts for 60% of the country's fixed asset investment for 5 consecutive years
- 2018-09-04The eight richest men in China, whose total worth more than 1.9 trillion, do you know a few?
- 2018-09-03Source: Sino-US economic and trade negotiation team continues to maintain contact
- Due to serious violations of the law, the former deputy minister of the Ministry of Finance, Zhang Shaochun, was opened
- Offshore RMB against the US dollar fell sharply and fell below the 6.89 mark
- What are the current stocks? Wei Lai, interesting headline plunged on Monday
- In August, 70 cities in China were released! Xiamen house prices only fell
- The China Securities Regulatory Commission issued two IPO approvals for enterprises. The total amount of financing is not more than 2.5 billion.
- Foreign gas stations are coming! If the price is more than 2 yuan per liter, can the monopoly of "two barrels of oil" be broken?
- Li Keqiang: The release of the market is in place, and the government’s management is in place.
- Does the trade war affect US companies operating in China? Ministry of Foreign Affairs: Digital Cases
- "The secretary of the board of directors was beaten" company rumors, but looking at the falling stock price, you have no impulse to do it?
- China Huarong: Withdrawal of A-share issuance application