Polestar Automotive Holding UK PLC: Polestar secures USD 1 billion external funding; business outlook confirmed finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Volvo Cars will reduce its stake in Polestar to 18 per cent. To this end, the Swedes want to sell shares worth 9.5 billion crowns (approx. 850 million euros) to their shareholders. In other words: first and foremost to Geely. The transaction is scheduled to be finalised this spring.