The Chinese company Geely Holding, parent company of Volvo, is; in advanced negotiations with banks to sell its shares and break away from the Automotive brand. Volvo aims for a valuation of between $ 16 and $ 20 billion with Goldman Sachs and SEB leading the deal, while other banks including BNP Paribas, Carnegie and HSBC also appear to be involved in the deal .
Hakan Samuelsson, Volvo CEO said: “I don't think the lack of chips will deter investors.” Financial market participants understand that this situation affects the entire industry and not just Volvo. Investors perceive this shortcoming as a short-term obstacle and nothing more ''. Samuelsson added that more news about the split between Geely and Volvo should arrive later this year.
Geely has bought Volvo from Ford more; ten years ago in the context of the pi & ugrave; large acquisition by a Chinese company of a foreign car manufacturer, already in 2018, Geely tried to sell the shares of the Swedish brand but then withdrew the offer. Now, with Volvo's change of direction towards mobility; electric, with the goal of producing only fully electric vehicles by 2030, Geely hopes to finally attract investor interest
The best Xiaomi for photos without 5G? Redmi Note 10 Pro, buy it at the best price from Amazon Marketplace at 399 euros .