On August 2, 20 10, Geely Holding Group officially completed the acquisition of all the shares of Volvo Car Company, a subsidiary of Ford Motor Company. Geely Group paid Ford $654.38+03 billion in cash and $200 million in bank notes, and the remaining funds will be settled in the second half of the year. With the smooth delivery of Geely Volvo's assets, it also means that the largest overseas M&A in China's automobile industry has come to a successful conclusion.

Chinese name: Geely buys Volvo

Time: 2065438+00 on August 2nd.

Venue: London

Transaction amount: $654.38+03 billion in cash and $200 million in bank notes.

Achievements: At that time, the largest overseas M&A in China automobile industry.

Companies involved: Geely, Volvo and Ford.