Reading: Hakan Samuelsson, CEO of Volvo Cars, said that listing is only an option. At present, Volvo has no concrete plans to look at the decision of its parent Geely.
According to the German "Manager" report, Volvo Car CEO Hakan Samuelsson said that the listing is only an option. At present, Volvo has no specific plan. It depends on the decision of the parent company Geely.
On December 20, Geely’s Volvo Cars issued a statement announcing that it has successfully obtained a capital of SEK 5 billion (US$ 532 million) from Swedish investors through the latest issuance of preferred stocks, once again taking a step towards the company’s listing. In addition, Volvo also said that the successful financing will dilute Geely shares. In the statement, Volvo said, "This public offering means that Volvo has taken another step towards the long-term dream of listing."
So far, in addition to Geely, there are three shareholders of Volvo: Swedish Pension Fund AMF, Swedish National Pension Reserve Fund (AP1) and Swedish insurance company Folksam.
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