China carmaker Geely shares rise nearly 7% after Zeekr unit offer
Geely Auto logo is seen in this illustration taken January 16, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights , opens new tab
HONG KONG, May 8 (Reuters) - Shares of Chinese automaker Geely Automobile (0175.HK)
, opens new tab jumped nearly 7% on Thursday after it offered to pay $2.2 billion to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States.
Geely's shares rose as much as 6.7% in early trade to HK$17.90 ($2.30).
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($1 = 7.7662 Hong Kong dollars)
Reporting By Anne Marie Roantree; Editing by Christian Schmollinger
Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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