New Twist To Volvo Deal With Outsider Backing

The acquisition of Swedish premium car brand Volvo Cars by Zhejiang Geely Holding Group could become of the most notable examples of BMI's view on non-sector investment, as Zhejiang Geely calls on a Chinese regional asset manager to back the purchase. Daqing State Asset Operation Company will be a minority shareholder in the company, which is currently owned by US carmaker Ford Motor, although the exact details of how the equity will be divided will not be released until the deal is

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