Geely Automotive to acquire the remaining shares in ZEEKR for $2.4bn.

Synopsis

Geely Automotive, an automobile manufacturer based in Hangzhou, agreed to acquire the remaining shares in ZEEKR, a Chinese automobile company, for $2.4bn. 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