December 27, 2017 / 7:55 AM / 24 days ago

BRIEF-Cevian's Gardell says company was approached by Geely regarding AB Volvo stake sale

Dec 27 (Reuters) - Zhejiang Geely Holding Group Co Ltd /Volvo:

* CEVIAN‘S GARDELL, ON VOLVO DEAL, SAYS “WE WERE APPROACHED BY GEELY AND HAVE BEEN NEGOTIATING FOR A WHILE”

* CEVIAN‘S GARDELL SAYS MONEY FROM DEAL WILL BE PUT TO WORK IN NEW INVESTMENTS

* CEVIAN‘S GARDELL SAYS “WE ARE CURRENTLY BUYING INTO ‘SOME’ COMPANY, AND HAVE SEVERAL OTHER COMPANIES WHERE WE ARE VERY CLOSE TO MAKING INVESTMENT DECISIONS” Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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