Date: 5 days ago   Category: Industry

The owner of the Chinese car maker Geely cut a share in the German Daimler almost by half — Rambler News Service


The founder of the Chinese car maker Zhejiang Geely Holding Group Li Shufu reduced a share in the German Daimler from 9.7% to 5.4%, Bloomberg with reference to own sources reports. The new owner of this equity stake does not reveal. Shufu acquired shares of the manufacture of Mercedes-Benz in February, 2018, the cost of the transaction, according to Reuters, cost it $9 billion Zhejiang Geely Holding Group owns the Volvo Cars company. The Volvo cars gather on the plants in Sweden, Belgium, China. In 2018 the enterprise in the USA will also be open. Besides, Geely owns the equity stake of car makers Proton and Lotus.

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