Global deal making has picked up in the past year as Volkswagen and Ford agreed to co-operate and Fiat Chrysler is to merge with PSAStockholm/Beijing — Volvo Cars owner Li Shufu on Monday set out to combine the Swedish carmaker he bought in 2010 with his Hong Kong-listed automobile unit to create a company with the scale to compete in a rapidly consolidating global market.
Global deal making has picked up in the past year as Volkswagen and Ford agreed to co-operate and Fiat Chrysler Automobiles is to merge with France’s PSA Group, owner of the Peugeot brand.A joint listing with Geely Automobile would mark a creative way to list Volvo Cars, which delayed plans for an IPO in 2018, citing the impact of trade tensions on market appetite.
Volvo was started in 1926 as a project within ballbearing maker SKF, which wanted to show how useful its products could be in cars. The fledgling company was listed in Stockholm in 1935 before expanding to become a sprawling conglomerate that also made trucks and construction equipment, with stakes in pharmaceutical companies and breweries.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Naspers company in Romania considers IPOThe country’s largest online retailer has boosted revenue to more than €1bn
Source: BDliveSA - 🏆 12. / 63 Read more »
Naspers company in Romania considers IPOThe country’s largest online retailer has boosted revenue to more than €1bn
Source: BDliveSA - 🏆 12. / 63 Read more »