Gernandt & Danielsson advises China Construction Bank (London) Limited in a US $200,000,000 acquisition finance facility.
Gernandt & Danielsson has acted as Swedish counsel to China Construction Bank (London) Limited and its parent company, China Construction Bank Corporation, in connection with a US $200,000,000 acquisition finance facility for Geely Sweden AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd., the largest private car-maker in the People's Republic of China. The facility forms part of the funding used by Geely Sweden AB to finance the acquisition of the Volvo Group, the Swedish car-maker, from Ford Motor Company.
Gernandt & Danielsson’s team consisted of partners Marcus Johansson, Niclas Rockborn and Manfred Löfvenhaft as well as the associates Omar Berger and Jenni Garamvölgyi.