20 May 2019

Geely, BNP unit in car finance deal, WSJ says

Chinese carmaker Geely Automobile Holdings Ltd. will set up a joint venture with BNP Paribas Personal Finance to offer car financing in China, the Wall Street Journal reported Monday. The joint venture will have a registered capital of 900 million yuan (US$148 million), of which Geely will invest 720 million yuan for 80 percent of the company, the report said, citing a joint statement. BNP Paribas Personal Finance will invest 180 million yuan for the remaining stake.

– Contact HKEJ at [email protected]


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