BRIEF-Volvo Cars' Affiliate Polestar To Be Listed In Planned Combination With Gores Guggenheim

Reuters2021-09-27

Sept 27 (Reuters) - Geely Automobile Holdings Ltd :

* VOLVO CARS' AFFILIATE POLESTAR TO BE LISTED IN PLANNED COMBINATION WITH GORES GUGGENHEIM, IMPLYING AN ENTERPRISE VALUE OF APPROXIMATELY U.S. $20BN FOR COMBINED COMPANY

* IN CONNECTION WITH BUSINESS COMBINATION, VOLVO CARS WILL MAKE ADDITIONAL EQUITY INVESTMENTS IN POLESTAR BY UP TO U.S. $600 MILLION.

* IS, UPON COMPLETION OF TRANSACTIONS, EXPECTED TO HOLD CLOSE TO 50 PER CENT OF COMBINED COMPANY.

Source text for Eikon: Further company coverage:

(Gdansk Newsroom)

((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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AminB
2021-09-27
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