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Volvo Cars, the Swedish automaker owned by Zhejiang Geely Holding Group Co. of China, is completing plans for an initial public offering and is expected to announce listing details as early as Monday, in a deal that could boost the automaker’s value. automobile to up to $ 25 billion, according to people familiar with the matter.
A listing, if it comes to fruition, would represent one of the auto industry’s most dramatic turnarounds. Ford Motor Co., weakened by the global financial crisis, sold the Swedish company to Geely for $ 1.8 billion in 2010.
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