Goldman Sachs PE fund to invest $250m in Geely Automobile

Goldman Sachs PE fund to invest $250m in Geely Automobile

A private equity fund managed by Goldman Sachs has plans to invest as much as $250 million in Geely Automobile, as per a media report.

Hong Kong-listed Geely Automobile is the arm of Chinese auto-manufacturer Geely Holding Group.

The deal could free up capital for Geely Automobile's parent company to make a bid for Ford Motor's Volvo unit.

Geely Automobile confirmed earlier that its parent company was bidding for Volvo.

Neither Goldman Sachs nor Geely officials could be contacted for comments.
 

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