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Volvo Cars sells 30% stake in Lynk & Co to Zeekr, as part of Geely’s strategic integration
On November 14, Volvo Cars announced the divestment of its 30% stake in Lynk & Co, jointly invested with Geely to Zeekr, subsidiary of Geely, a transaction representing a consideration of RMB 5.4 billion (approx. SEK 8 billion). The transaction is expected to close during the first quarter of 2025. The consideration ....
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