Volvo AB (VOLVb.ST)
19 Jan 2018
STOCKHOLM China's Geely Holding , owner of the Volvo car brand, is buying an 8.2 percent stake in Swedish truckmaker AB Volvo from activist investor Cevian Capital, worth around $3.3 billion at current market prices.
STOCKHOLM China's Geely Holding [GEELY.UL], owner of the Volvo car brand, is buying an 8.2 percent stake in Swedish truckmaker AB Volvo from activist investor Cevian Capital, worth around $3.3 billion at current market prices.
* Buys stake from activist Cevian Capital (Adds quotes, updates share price)
* GEELY HOLDING SAYS HAS NO PLANS TO MERGE VOLVO CARS WITH AB VOLVO - SPOKESMAN Further company coverage: (Reporting by Stockholm newsroom)
Dec 27 Zhejiang Geely Holding Group Co Ltd /Volvo:
STOCKHOLM, Dec 27 Activist investor Cevian Capital has agreed to sell its 8.2 percent stake in Swedish truck maker AB Volvo to China's Zhejiang Geely Holding Group, Cevian and Geely announced in a joint statement on Wednesday.
- Note: Reuters has not verified this story and does not vouch for its accuracy
STOCKHOLM, Dec 8 Truck and construction equipment maker AB Volvo said on Friday it had appointed Martin Weissburg, currently head of Volvo's construction equipment arm, to lead its Mack Trucks brand.
NINGBO, China, Nov 29 China's Zhejiang Geely Holding Group and its Volvo Cars unit, which this week began selling cars in China from jointly owned brand Lynk & Co, are considering producing the vehicles at Volvo plants in Belgium and the U.S. state of South Carolina, a senior Lynk & Co official said.
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