Geely agrees to acquire 49.9% of Proton and 51% of Lotus from DRB-Hicom

Zhejiang Geely reached a binding heads of agreement with DRB-Hicom to acquire 49.9% of Proton and 51% of Lotus, subject to regulatory approval and definitive agreement by mid-July 2017.

“Zhejiang Geely says it has reached a binding heads of agreement with Proton owner DRB-Hicom to acquire the Malaysia-based automotive group.”just-auto.com

• 1 source
• just-auto.comGeely strikes agreement to acquire Proton and Lotus - Just AutoMay 24, 2017

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