Geely lines up regional investor for Volvo buy

Newswire

* Geely says Daqing to take minority stake in Volvo buy * Daqing is regional asset manager in northern China * Geely to unveil ownership details when deal closes in Q3 By Niklas Pollard STOCKHOLM, June 24 (Reuters) - Auto maker Zhejiang Geely said on Thursday it was teaming up with Chinese regional asset manager Daqing State Asset Operation Co in its planned $1.8 billion takeover of Ford Motor Co's Volvo Cars unit. The Daqing investment group would become a minority owner of the ...

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