Deal Of The Week

Goldman Sachs is reportedly seeking to buy US$250mn of convertible bonds issued by Chinese carmaker Geely, which would potentially give it a stake of nearly 15%. Goldman's will provide Geely with credibility in its bid for Sweden's Volvo. The Goldman stake will reassure OECD governments, which are increasingly sensitive to growing Chinese investments in strategic sectors. Goldman's backing could help Geely diffuse any Swedish government opposition, which will be key now that the US Crown consortium has made a competing bid. One just has to look at the role of the German state in the Opel sale to Magna to

To read the full article, please choose one of the following options: