China Construction Bank (London) Limited - US $200,000,000 facility for Geely Sweden AB to fund the acquisition of The Volvo Group

  • 02 Aug 2010
 

Slaughter and May advised China Construction Bank (London) Limited and its parent company, China Construction Bank Corporation, in connection with a US $200,000,000 acquisition finance facility for Geely Sweden AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd., the largest private car-maker in the People's Republic of China. The facility forms part of the funding used by Geely Sweden AB to finance the acquisition of the Volvo group, the Swedish car-maker, from Ford Motor Company. The facility is secured by pledges over the shares of the ultimate holding companies of the Volvo group.

Slaughter and May acted in conjunction with Swedish law advisers Gernandt & Danielsson and Delaware law advisers Richards, Layton and Finger.

 
 

Contacts

 

Miranda Leung (partner), Richard Jones (associate), Alex Biles (associate), Björn Svensson (visiting lawyer); IP: Cathy Connolly (partner), Ravi de Fonseka (associate)

 
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