Volvo Cars CEO says IPO
is an option: manager magazin
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[January 20, 2017]
FRANKFURT (Reuters) - Hakan
Samuelsson, Chief Executive of Volvo Cars, said a stock
market listing is an option for the Swedish carmaker,
Germany's Manager Magazin said on Friday.
Hakan Samuelsson, president and CEO of Volvo Car Group,
introduces the Volvo XC90T8 Inscription autonomous car
during the North American International Auto Show in
Detroit, Michigan, U.S., January 9, 2017.
stock market listing is an option," Samuelsson told the
magazine, adding that there are no current plans for such a move
and that it would be up to parent company Geely Holding [GEELY.UL]
Last month, Volvo raised 5 billion Swedish crowns ($532 million)
from a group of Swedish institutional investors by selling
newly-issued preference shares that would have "an immaterial
dilutive effect" on Geely's 100 percent ownership.
"Today's move is another step toward Volvo Cars' long expressed
ambition to act as a listed company," Volvo said in a statement
(Reporting by Edward Taylor; Editing by Christoph Steitz)
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