Geely taps China banks to back Volvo deal -sources (Reuters)

Monday, November 30, 2009

Reuters – Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.

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Geely taps China banks to back Volvo deal -sources
(Reuters)

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This entry was posted on Monday, November 30th, 2009 at 11:00 pm and is filed under Business.

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