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September 21, 2009

CHINA: Goldman Sachs fund invests in Geely – WSJ

A Goldman Sachs private equity fund is investing about USD250m in Geely in a move that could free up capital for a Geely bid for Volvo Cars, according to a report in the Wall Street Journal.

A Goldman Sachs private equity fund is investing about USD250m in Geely in a move that could free up capital for a Geely bid for Volvo Cars, according to a report in The Wall Street Journal .

The WSJ cited an unidentified source.

Goldman Sachs Capital Partners ‘ purchase of Geely convertible bonds and warrants would give it an unspecified minority stake in the carmaker, the report said.

Geely has said that its parent holding company is considering a bid for Volvo with a Swedish  government-backed investment firm.

CHINA: Geely parent would buy Volvo if Ford sells

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