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China Facts: Volvo groups closer together

 

 

After nearly two decades on different roads, Geely, the Chinese group that owns the carmaker Volvo, will become the largest shareholder in the listed truck-maker that shares its brand. The 3.25 bn. EUR acquisition for an 8.2% stake raises the prospect of one day reuniting the two parts of the Scandinavian vehicle maker that split in 1999 - and in the meantime, forging closer ties to generate synergies and new business opportunities for both*)      

 

*) Financial Times 28th December 2017

 

 

 

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