Volvo Cars owner, Chinese Geely, is on its way to make a bid on Zeekr. Geely is already a major shareholder but now wants to buy out the company from the stock exchange and place the electric car manufacturer in the joint company Geely Automobile Holding controlled by Li Shufu.
The deal would give Zeekr a value of 6.4 billion dollars, equivalent to nearly 60 billion kronor. The bid implies a price premium of 13.6 percent based on the latest price on the US stock exchange.
