Zhejiang Geely Holding Group signed a binding deal today to buy Ford Motor Co.'s Volvo Cars unit for $1.8 billion, allowing the independent Chinese automaker to expand its foothold in Europe.
Interesting fact, the transaction will be made through a $200 million note, while the remainder will be paid out in cash. The Gordon Financial Group, Inc. team will be contacting Geely to see if they have another $1.6B in cash laying around and would like to invest in our new Private Equity Fund.
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