PE-backed China auto company Geely buys Volvo from Ford | AltAssets Private Equity News

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PE-backed China auto company Geely buys Volvo from Ford

1 Apr 2010

Private equity-backed China car company Zhejiang Geely Holding has acquired Swedish auto manufacturer Volvo from Ford for $1.8bn, less than a third of what Ford paid for the company in 1999.

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