Geely Automobile Holdings, China’s largest private automaker, will raise HK$2.59bn ($334m) selling convertible bonds and warrants to a fund managed by Goldman Sachs, reports Bloomberg. GS Capital Partners VI Fund will own 15.1% of the carmaker should it convert the bonds to shares and exercise the warrants, Geely said on Wednesday, adding that some of the proceeds will be used for potential acquisitions.

This entry was posted by Gwen Robinson on Wednesday, September 23rd, 2009 at 4:55 and is filed under Capital markets. Tagged with Geely, goldman sachs. Edit this entry.