Volvo Cars bags Skr5bn ahead of possible stockmarket return

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Volvo Cars bags Skr5bn ahead of possible stockmarket return

zhejiang Geely Volvo

Volvo Cars, the Swedish car company owned by Zhejiang Geely Holding of China, has raised Skr5bn ($530m) in a private placement of preference shares, which might be converted to listed shares if Volvo completes an IPO.

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