White & Case advises joint global coordinators on US$350 million sale of shares in Volvo Cars

Global law firm White & Case LLP has advised Goldman Sachs Bank Europe SE, Skandinaviska Enskilda Banken AB and BNP Paribas as joint global coordinators and joint bookrunners on Geely Sweden Holdings AB's US$350 million sale of shares in Volvo Car AB (publ) (Volvo Cars).

Geely Sweden Holdings AB is a subsidiary of Zhejiang Geely Holding Group, a global automotive group which consists of several international brands including Geely Auto, Zeekr, LYNK & CO, Geometry, Volvo Cars, Polestar, London Electric Vehicle Company, PROTON, Lotus, and Terrafugia.

Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on Nasdaq Stockholm.

The White & Case team which advised on the transaction was led by partner Johan Thiman (Stockholm) and included partners Mikko Hulkko (Helsinki) and Thilo Diehl (Frankfurt), and associates Izabella Barisa (Stockholm) and Thomas Killeen (Helsinki).

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