Geely Automobile (0175.HK) Increases Stake in Zeekr with $8.06 Billion Deal

Nov 14, 2024

Geely Automobile (0175.HK) announced a significant transaction between its subsidiary Geely International Hong Kong and Luckview, a wholly-owned subsidiary of Geely Holding Group. Geely International Hong Kong has agreed to sell approximately 11.3% of its shares in Zeekr to Luckview for $8.06 billion (approximately 58.35 billion RMB).

Upon completion of this acquisition, Geely Holding Group will see its stake in Zeekr increase from about 51.5% to approximately 62.8% of the issued share capital.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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