Volvo cars officially fall under the independent brand automobile enterprises in China. Yesterday, zhejiang geely holding group Co., LTD. (hereinafter referred to as “geely holding group”) announced on August 2, in London for Volvo purchase all the car company stock,According to the reporter, cobolli gigli after the acquisition of funds is less than $18 billion. So far, the China’s biggest purchase overseas assets in vehicle ends.
Total amount of purchase under 18 billion dollars
London yesterday at noon time, geely holding group held in London for Volvo purchase delivery ceremony, geely holding group chairman LiShuFu and ford’s chief financial officer luis booth at the delivery. So far, the world luxury brand into China formally independent brand geely holding group corp. This news yesterday geely holding group under the listed company 0175HK (rose) geely, at hk $35,880 5.86%.
According to our newspaper reporter understanding, cobolli gigli Volvo purchase amount is lower than previously expected. Geely holding group chairman assistant, Volvo cars merger projects NingShuYong spokesman said, “for the completion of the acquisition, Volvo car company geely holding group opened 2 billion dollars bill, and pay the $1.3 billion in cash, money from geely holding group, domestic institutions and international capital market will pay a small. The amount of money, specific to purchase agreement for pension obligation according to factors such as operating capital and make adjustments, but can determine the total amount of purchase under 18 billion dollars.” This as the geely holding group successfully another copy of evidence.
Board team
Yesterday, LiShuFu geely holding group chairman announced that the board of directors of the company for Volvo cars worldwide. One original Volkswagen north district chief executive officer Stephen jakob will join Volvo cars, and took the company President and chief executive officer, Hans Oscar’s will as vice chairman and Volvo car company, its chief financial officer was Volvo cars and CEO, ford motor company’s chief marketing officer, Han Ken Samuel a director, has the global commercial giant MAN AG’s chairman and chief executive, Director dr removed, Herbert tomas maedje audi group chairman, Directors, square, about ms schroeder for senior financial experts, HuoJianHua director was YanTa group (Asia) Co., chief executive and senior partner. Another ShenHui directors, is China’s leading technology and management personnel, successive fiat, vice President of China group, fiat power technology China CEO and President of China borg warner.
It is considered geely group is under the control of decentralization management. LiShuFu says, “takeover is completed, Volvo car company will operate independently. The company will be reserved for Volvo cars and the Swedish headquarters in Sweden and Belgium production base, the board of directors, managers will have authorized by the execution of business plans.” autonomy
