BRIEF-Geely Automobile In Early Discussions With Volvo Car To Possibly Combine The Two Businesses

Reuters

10 February 2020 at 6:44 am

Feb 10 (Reuters) - Geely Automobile Holdings Ltd:

* IS IN PRELIMINARY DISCUSSIONS REGARDING A POSSIBLE RESTRUCTURING THROUGH A COMBINATION OF BUSINESSES OF TWO COMPANIES

* COMPANY IS IN PRELIMINARY DISCUSSIONS WITH MANAGEMENT OF VOLVO CAR AB (PUBL)

* INTENDED THAT COMBINED BUSINESS WILL BE LISTED IN HONG KONG & STOCKHOLM TO ENABLE IT TO ACCESS CAPITAL MARKETS

* INTENTION OF POSSIBLE RESTRUCTURING WOULD BE TO PRESERVE DISTINCT IDENTITY OF EACH OF BRANDS GEELY, VOLVO, LYNK & CO AND POLESTAR Source text for Eikon: Further company coverage:

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