Geely taps China banks to back Volvo deal -sources
Posted by admin on 1 Dec 2009 12:06 am. Filed under privateEquity.
HONG KONG, Dec 1 (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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