China commerce ministry OKs Geelys Volvo buy

29 July 2010, 3:22 am

HONG KONG, July 29 The parent of Chinas Geely Automobile was approved by Chinas regulator to buy Fords Volvo unit, Bloomberg reported today, clearing one of the last remaining hurdles to the high-profile deal. Shares of Geely Automobile jumped 11 per cent today, after Reuters and other media, citing unnamed sources, reported the companys ...... Read More »

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