Currently reading: Volvo sale sign-off 'this month'
Deal to then be formally completed by the end of June
Autocar
News
1 min read
18 March 2010

Volvo's sale is on course to be formally signed off to Geely by Ford this month, according to reports.

Both Geely and Ford are reporting that the sale - estimated to be at a price of $2 billion (£1.3bn) - will be signed by the end of this quarter, and completed by the end of June.

The three key issues are reported to be legal documentation, financing, and regulatory and governmental approvals. Ongoing discussions are said to be focused on financing and technology hurdles.

In particular, the two firms are said to be focusing on how Geely accesses the estimated £1bn it needs to invest in the company following its purchase.

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