China’s Geely to Buy Major Stake in Renault Korea
China's Geely, which owns Volvo, will buy a 34-percent stake in Renault Korea for W264 billion (US$1=W1,276). The Korean automaker said Tuesday that Geely will acquire the stake by buying newly issued shares, reducing the French Renault Group's stake from 80.1 percent to 52.9 percent, while Samsung Card's stake will…
bubmagMay 11, 2022