jack_christie
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http://www.reuters.com/article/us-proton-m-a-geely-idUSKBN18K0HEGeely [GEELY.UL], the owner of Sweden's Volvo Car Group, on Wednesday said it would buy 49.9 percent of struggling Malaysian carmaker Proton from conglomerate DRB-HICOM Bhd (DRBM.KL), marking the Chinese automaker's first push into Southeast Asia.
Zhejiang Geely Holding Group Co Ltd, parent of Hong Kong-based Geely Automobile Holdings Ltd (0175.HK), will also acquire 51 percent of Proton's stake in British car maker Lotus, the companies said, without disclosing the value of the deals.