Geely sells part of its Volvo shares

Tony Verhelle

November 20, 2023

Mother holding Geely is selling part of its Volvo shares to battle instability of the share value on the stock market /Volvo Cars

Zhejiang Geely Holding Group (Geely Holding), China’s largest private-owned automotive group, has decided to release more shareholdings in Volvo Car Group. Geely offered some 100 million shares of Volvo Car Group at a list price of 37 Swedish crowns, resulting in a sales transaction of some €
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