--Zhejiang Geely Holding Group will be advised by Citigroup, Goldman Sachs Group and Morgan Stanley on the potential initial public offering of Volvo Cars, Bloomberg reports, citing unnamed sources.

--Volvo Cars and its owner put the value the Swedish car maker in a range of between $16 billion and $30 billion and have discussed Stockholm and Hong Kong as potential venues for a dual listing, Bloomberg says.

--The offering could be as soon as this fall, though no final decision has been made, according to Bloomberg.

Full story: https://bloom.bg/2KQ2PjI

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(END) Dow Jones Newswires

May 11, 2018 02:10 ET (06:10 GMT)

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