According to the German "manager" report, Volvo Car CEO Hakan Samuelsson said that listing is only an option, Volvo has no specific plan, depending on the parent company Geely's decision.
On December 20th, Geely's Volvo Cars announced that it has successfully obtained 5 billion Swedish kronor ($532 million) in capital from Swedish investors through the latest issued preferred shares, and has once again stepped into the company's listing. In addition, Volvo also said that the successful financing will dilute the Geely equity. In the statement, Volvo said, "This public offering means that Volvo has taken another step toward a long-term listing dream."
Up to now, in addition to Geely, Volvo has three shareholders: the Swedish pension fund company AMF, the Swedish National Pension Reserve Fund (AP1) and the Swedish insurance company Folksam.
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