ST), Swedish public service radio cited a Geely senior executive as saying. Zhejiang Geely has been given approval by Chinese authorities to buy the 8.2% stake of Swedish truckmaker AB Volvo owned by activist investor Cevian, Swedish radio has said. The deal is expected to be completed in early 2017, according to a report on Sveriges Radio.
Zhejiang Geely has been given approval by Chinese authorities to buy the 8.2% stake of Swedish truckmaker AB Volvo owned by activist investor Cevian, Swedish radio has said. The deal is expected to be completed in early 2017, according to a report on Sveriges Radio.