Volvo Cars set itself on the road to returning to the stock market as the Swedish carmaker raised fresh capital for the first time under Chinese ownership.
The Gothenburg-based premium manufacturer raised SKr5bn in convertible preference shares from three Swedish institutional investors.
The shares can convert into listed ordinary shares, implicitly confirming long-held rumours that Volvo wants to seek a listing after more than a decade of ownership under first Ford Motor and now Zhejiang Geely of China.
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