UPDATE 1-Geely taps China banks to back Volvo deal -sources

Newswire

* Geely seeking at least $1 bln in loans - sources * Policy lender Exim Bank of China involved - sources * Geely's acquisition of Volvo seen worth $1.8 bln * Chinese private equity funds keen to support - sources (Adds quotes, loan details) By George Chen and Prudence Ho HONG KONG, Dec 1 (Reuters) - Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, ...

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