Geely Automotive to acquire the remaining shares in ZEEKR for $2.2bn.

Synopsis

Geely Automotive, an automobile manufacturer based in Hangzhou, agreed to acquire the remaining shares in ZEEKR, a Chinese automobile company, for $2.2bn. The deal will result in the ZEEKR becoming a wholly owned subsidiary of Geely and being privatized and delisted from the New York Stock Exchange.

Principals

target

ZEEKR

bidder

Geely Automobile

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Market Context

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Seller Team (1)

andy an

CEO at ZEEKR

Manager

target

Deal

£ 1.65 B

Total Value

Bidder Team (1)

gui shengyue

CEO at GEELY AUTOMOBILE

Manager

bidder

Deal

£ 1.65 B

Total Value

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