March 29, 2010 - Assignment

Ford sells Volvo to Geely

Mannheimer Swartling has advised the Ford Motor Company on the sale of Volvo and its assets to Zhejiang Geely Holding Group for USD 1.8 billion.

The deal marks the largest acquisition of an overseas carmaker yet by a Chinese company and is expected to close in the third quarter of this year, pending regulatory approvals.

Mannheimer Swartling’s team, led by Adam Green and Clas Nyberg, includes André Andersson (Financing), Fredrik Andersson (Litigation), Henric Diefke (Employees, Pensions and Unions), Erika Wiking Häger (Data Protection), Stefan Perván Lindeborg (Competition), Per Molander (Environmental), Martin Nilsson (Tax), Jesper Prytz (Real Estate), Helena Rempler (Insurance) and Niklas Sjöblom (IP/IT). The project team has also included associates assisting on matters related to Bankruptcy (Christoffer Monell), Competition (Jens Agö), Corporate (Emma Olnäs Fors, Isabel Frensborg, Eva Müller Hansen and Joel Mårtensson), Environmental (Tomas Fjordevik), IP/IT (Jessika Olsén), Real Estate (Hillevi Börjesson), Tax (Henrik Johansson) and many others working across a number of the firm's offices.