China's Geely up, bucking market, on parent's Volvo bid


HONG KONG/SHANGHAI, Oct 29 (Reuters) - Shares in Geely Automobile Holdings rose 4.5 percent on Thursday, even as the broader market slipped, after its parent was named by Ford Motor as the preferred bidder for its Volvo car unit. Ford named Zhejiang Geely Holding Group late on Wednesday but did not disclose a possible sale price in what could lead to the biggest overseas acquisition by China's fast-growing auto sector. [ID:nLS682068] Geely shares rose to a high of HK$3.0 before paring ...

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