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Geely Reportedly Seeks EUR2B+ Syndicated Loan to Refinance Volvo Truck Deal
Zhejiang Geely Holding, the parent company of GEELY AUTO (00175.HK), is in talks with banks for a syndicated loan of over EUR2 billion to refinance the acquisition of Volvo Truck s...
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Geely Reportedly Seeks EUR2B+ Syndicated Loan to Refinance Volvo Truck Deal
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Zhejiang Geely Holding, the parent company of GEELY AUTO (00175.HK)  -0.720 (-5.180%)    Short selling $403.99M; Ratio 17.902%   , is in talks with banks for a syndicated loan of over EUR2 billion to refinance the acquisition of Volvo Truck shares in 2018, Bloomberg, citing sources, reported.

It is understood that Zhejiang Geely Holding plans to initiate the syndicated loan arrangement as early as this month, with a few international banks expected to participate in this financing.

Related NewsMacquarie Upgrades GEELY AUTO (00175.HK) to Outperform, Lifts TP to $18
However, the final specific arrangements have not been confirmed, and Geely has declined to comment on the report.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-15 16:25.)

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