Chinese firm wins EU approval to buy Volvo

European Union regulators have given Chinese manufacturer Geely the go-ahead to buy Sweden’s Volvo Cars.

Wed, 07 Jul, 2010 - 08:30

European Union regulators have given Chinese manufacturer Geely the go-ahead to buy Sweden’s Volvo Cars.

The European Commission said it saw no anti-trust problems with Zhejiang Geely Holding’s €1.44bn acquisition of Volvo Cars from Ford because the takeover would not give either company the power to damage rivals.

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CourtsBusinessHeathrowPlace: SwedenPlace: EuropePlace: ChinaPlace: AsiaPlace: IndiaPerson: GeelyOrganisation: EUOrganisation: Volvo CarsOrganisation: European UnionOrganisation: European CommissionOrganisation: Zhejiang Geely HoldingOrganisation: FordOrganisation: VolvoOrganisation: GeelyOrganisation: EU governmentOrganisation: LincolnOrganisation: MercuryOrganisation: JaguarOrganisation: Land RoverOrganisation: Tata Motors
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