Volvo Cars completes plans to go public in Stockholm

Volvo Cars, the Swedish automaker owned by China’s Zhejiang Geely Holding Group Co., is finalizing plans to go public and will announce details of the listing as early as Monday in a deal that will leave the automaker valued at up to US $ 25 billion Dollars, so people familiar with the matter.

A listing, if it happens, would be one of the most dramatic turns in the automotive industry. Ford Motor Co., weakened by the global financial crisis, sold the Swedish company to Geely in 2010 for $ 1.8 billion.

.

Leave a Comment