Friday October 30, 06:48 AM
Geely confident on Volvo bid -chairman
SHANGHAI, Oct 30 (Reuters) - The parent company of Geely Automobile (0175.HK - news) is confident on a bid for Ford Motor's Volvo
(Stockholm: VOLV-B.ST - news) car unit, which it is discussing as the head of a consortium that includes both domestic and foreign banks, chairman Li Sufu said on Friday.
Li made the comments to Reuters on the sidelines of a business event in Shanghai.
Zhejiang Geely Holding Group was named by Ford Motor as a preferred bidder for its loss-making Swedish unit Volvo Car Corp late on Wednesday.
The deal, if it goes through, would mark China's biggest acquisition of foreign auto assets.
(Reporting by Fang Yan and Alison Leung; Editing by Edmund Klamann and Jonathan Hopfner)
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