NOW IT SEEMS SURE – According to the agency Reuters the Geely he would be arguing with the banks there quotation on the stock exchange of Volvo (owned by the same automotive group). According to rumors, the Chinese giant is aiming for a valuation of around 20 billion dollars in the quotation expected in Stockholm at the end of September. Goldman Sachs and SEB would conduct the transaction, with the involvement of other banks including BNP Paribas, Carnegie and HSBC.
HOW MUCH IS IT WORTH? – A $ 20 billion valuation for the Volvo it would be equivalent to six to seven times its earnings, a projection that some analysts believe is high. For comparison, Tesla’s market valuation is currently about $ 745 billion and that of General Motors is about $ 74.5 billion. Some analysts are more cautious and estimate a valuation between $ 10 and $ 15 billion.
GO TO BUILDING – For Geely, and its founder Li Shufu, who bought the Volvo from Ford for $ 1.8 billion in 2010, quotation represents, in addition to a strong surplus value, also a considerable injection of capital that will be useful for the massive investments necessary for the transformation in progress: by 2030 the Volvo will only produce electric cars.