Geely takes major part in Volvo Trucks

Chinese car maker Geely, already owning car division Volvo Cars, is taking a major part in AB Volvo, the group building trucks under Volvo brand, Renault and Mack. By acquiring 8,2% of the capital and 15,6% of the voting shares from the Swedish Cevian Capital fund, it becomes the prime share holder. 3,25 billion euro
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