Volvo Cars completes sale of 30% stake in Lynk & Co to Zeekr
On February 14, Volvo announced that the successful completion of the divestment of its 30% stake in Lynk & Co to Zhejiang Zeekr Intelligent Technology Co., Ltd. (Zeekr). The transaction is valued at RMB 5.4 billion (approximately SEK 8 billion).
The company has made 70% of the payment in cash, with the remaining 30%