Deals
Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal
- Geely founder Li Shufu held informal talks with Fiat last year
- BofA, Morgan Stanley arranged ‘collar trade’ for Daimler stake
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As it turns out, Daimler AG wasn’t the only belle of the ball.
Li Shufu and his Zhejiang Geely Holding Group Co. held informal talks about a potential takeover of Fiat Chrysler Automobiles NV before China’s biggest private automaker turned its attention toward Daimler, according to people familiar with the matter.