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Geely acquiring majority stake in Lotus, 49% of Proton – PerformanceDrive performancedrive.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from performancedrive.com.au 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. ....
Announcement on Volvo Cars Shareholding webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
Volvo Cars tanked on Friday after majority shareholder Zhejiang Geely Holding Group began selling around 100m shares in the car maker in a placing. ....
Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value. ....