The Market Supervision Bureau announced that Zhejiang Geely Holding Group Co., Ltd. acquired Ford España, S.L. shares. Geely Holdings signed a transaction agreement with Ford Motor Company. Geely Holdings plans to acquire 34% of Ford España, S.L. The target company is in the passenger car business in Spain. Prior to the deal, Ford held 100% of the target company's shares and controlled the target company separately. After the transaction is completed, Ford and Geely Holdings will hold 66% and 34% of the target company's shares, respectively, and jointly control the target company.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.