Business · Companies · 4 hrs ago

China approves Geely acquisition of Ford España

China approves Geely acquisition of Ford España

China has approved Geely’s acquisition of Ford España.

Geely is a Chinese company, and Ford España is Ford’s Spanish operation.

The approval clears a regulatory step in the acquisition.

The information available does not say what terms were agreed or when the deal will be completed.

It also gives no details about how the acquisition may affect workers or production.

No further developments are specified.

Sources

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