Geely-owned Volvo Cars plans to raise 25 billion Swedish crowns (roughly $2.9bn, or R43,440,260,000) through an initial public offering (IPO), the Swedish carmaker said on Monday of what would be one of Europe's biggest listings this year
Volvo Cars plans to raise 25 billion Swedish crowns through an initial public offering .Geely-owned Volvo Cars plans to raise 25 billion Swedish crowns through an initial public offering , the Swedish carmaker said on Monday of what would be one of Europe's biggest listings this year.
In 2018 Volvo Cars and Geely, which also owns an 8.2% stake in Sweden's Volvo Trucks, postponed plans to float shares in the Swedish carmaker, citing trade tensions and a downturn in automotive stocks. Like a number of other carmakers, Volvo has committed to shifting its entire car range to fully-electric models by 2030.
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