Volvo Car Group signs second loan agreement with China Development Bank
Volvo Car Group (Volvo Cars) and China Development Bank have signed a USD 800 million loan agreement with a maturity in 2021. As announced by Volvo Cars, the loan will support Volvo Cars in further developing its product program as well as strengthening its capital structure over the coming years.
Volvo Cars was advised by Mannheimer Swartling. The team handling legal issues in the transaction comprised Rosmarie Söderbom from Volvo Cars, André Andersson from Mannheimer Swartling’s office in Stockholm together with Hans Abrahamsson and Ida Gao from Mannheimer Swartling’s office in Shanghai.