Deals Rumor Mill: Volvo Cars, EQT Partners, SABIC

By Adam Rhodes (September 10, 2018, 7:00 PM EDT) -- Volvo Cars has reportedly put its plans to go public in Stockholm on hold indefinitely, Reuters reported early Monday. According to the report, the move by the Swedish carmaker and its Chinese owner is blamed on current trade tensions as well as less-than-favorable automotive market conditions. Reuters reported that sources previously told the outlet that the carmaker and Geely, its owner, were vying for a value between $16 billion and $30 billion. Volvo's CEO confirmed that the initial public offering was put on hold in an interview with Reuters on Monday, the outlet reported. ...

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