BRIEF-Geely Automobile Clarifies Not A Party To Zhejiang Geely Holding & Renault S.A.S. Framework Deal

Reuters
18 Feb
BRIEF-Geely Automobile Clarifies Not A Party To Zhejiang Geely Holding & Renault S.A.S. Framework Deal

Feb 18 (Reuters) - Geely Automobile Holdings Ltd 0175.HK:

  • ZHEJIANG GEELY HOLDING AND RENAULT S.A.S. SIGNED A FRAMEWORK AGREEMENT

  • WOULD LIKE TO CLARIFY THAT IT IS NOT A PARTY TO PROPOSED TRANSACTION

  • BOTH PARTIES WOULD EXPAND STRATEGIC COOPERATION IN DEVELOPMENT AND PRODUCTION OF ZERO AND LOW EMISSION VEHICLES

  • IS ACTIVELY EXPLORING DIFFERENT OPTIONS TO BE INVOLVED IN PROPOSED TRANSACTION.

Further company coverage: 0175.HK

((Reuters.Briefs@thomsonreuters.com;))

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