Eyeing IPO, Volvo Cars to take full control of its Chinese business

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Eyeing IPO, Volvo Cars to take full control of its Chinese business

The Straits Times2021-07-22

STOCKHOLM/BEIJING (REUTERS) - Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public ...

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Sew
·2021-07-22
Great
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Chloe1
·2021-07-22
Thanks for sharing
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Dindindino
·2021-07-22
Like and comment pls
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T2021085060
·2021-07-22
TSLA!!!
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- BBKK:
  Good
  2021-07-22
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Darrenong
·2021-07-22
good
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- Darrenong:
  [Happy]
  2021-07-22
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Alfa86
·2021-07-22
Way to look out for?
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- Rozilla:
  LikeD
  2021-07-22
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In February, Geely's Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped plans to merge.\nHandelsbanken Capital Markets analyst Hampus Engellau said taking full control of the Chinese joint ventures could help smooth the way for a Volvo Cars IPO.\n\"The clearer the ownership structure is, and the clearer the stakeholders in the company look, the easier it gets for investors to consider what it is they are investing in,\" he said.\nAnalysts expect other foreign automakers to strike similar deals in China, the world's biggest car market, when the country's requirement for auto manufacturing to be carried out with a local joint venture partner is lifted next year.\nSuch rules for electric carmakers have already been lifted, allowing Tesla to make and sell vehicles via fully-owned operations in China. 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