Eyeing IPO, Volvo Cars to take full control of its Chinese business

Eyeing IPO, Volvo Cars to take full control of its Chinese business

Image from Volvo Group website

Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors.

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