Tag: Volvo

Chinese car company buys part of Danish Saxo Bank

The Chinese car company Geely bought a stake in Saxo Bank to strengthen the company’s ability to provide on-demand cars. China’s Zhejiang Geely Holding Group acquired a 52% stake in Saxo Bank from its founders and institutional investors on 14 September, according to Asia Nikkei Review. The purchase price was undisclosed, but the transaction values…