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Volvo Cars approves equity transfer, Zeekr to acquire 30% stake in Lynk & Co
On February 6, Volvo Cars announced the approval of the Equity Transfer Agreement, allowing Zeekr to acquire a 30% equity stake in Lynk & Co Automotive Technology Co., Ltd. from Volvo Car (China) Investment Co., Ltd., a wholly owned subsidiary of Volvo Cars. The transaction is worth EUR 700 million and is expected to....
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