Deals
Geely Surges in Hong Kong on Proposed Merger With Volvo Cars
- Volvo Cars and Geely Automobile start process to combine
- Merged entity would seek to list shares in Stockholm
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Billionaire Li Shufu’s Geely Automobile Holdings Ltd. surged in Hong Kong trading after the company announced plans to merge with Swedish affiliate Volvo Cars, a move that could pave the way for China’s first global carmaker.