(AFX UK Focus) 2010-03-10 07:53 China's Geely secures financing to buy Volvo-paper (Interactive Investor)

10 March 2010, 12:12 am

STOCKHOLM, March 10 (Reuters) - The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday. Dagens Industri, citing sources, said that Chinese financial institutions and regional government bodies had provided the money for Geely to complete its purchase. The paper ...... Read More »

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