Truck · 21. January 2018

The Chinese company Geely buys a 8.2% stake in the Swedish concern AB Volvo, better known as the Volvo Group, worth 3.3 billion euros. As noted by the seller - investment company Cevian Capital - the initiator of the transaction is Geely, which made a request for the acquisition of assets of AB Volvo. The company already owns the brands Volvo, Proton and Lotus, and now will own AB Volvo, which separated from Volvo Cars in 1999.