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Image header Agence Europe
Europe Daily Bulletin No. 10176
Contents Publication in full By article 24 / 31
GENERAL NEWS / (eu) eu/competition

Purchase of Volvo Cars by Geely and Daqing approved

Brussels, 07/07/2010 (Agence Europe) - On Tuesday 6 July, the European Commission cleared the proposed acquisition of Volvo Cars by Chinese car manufacturer Geely and state-owned Chinese investment firm Daqing.

Geely is a fully integrated manufacturer of cars, motorcycles and scooters in China. Currently, the vast majority of its passenger cars are sold in China. Daqing is owned by the government of Daqing State, in North-East China. Its sole business is the investment and management of...

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