# Geely Automobile to buy engine and parts units from parent for CNY1.83B

Geely Automobile Holdings agreed to buy three engine and auto parts units from its parent Geely Holding Group for 1.83 billion yuan ($276 million).

- Type: Acquisition
- Announced: 2017-11-07
- Where: China
- Value: $276.0M (1.83B CNY)
- Status: announced
- Products: engines, auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Geely Holding](https://endata.com/companies/25757.md) (target)
- [Geely Automobile Holdings](https://endata.com/companies/27939.md) (acquirer)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/markets/nikkei-markets/geely-automobile-to-buy-engine-parts-units-from-parent-for-cny1.83-billion), 2017-11-08: "Geely Automobile Holdings agreed to buy three engine and auto parts units from its parent company Geely Holding Group for 1.83 billion yuan ($276 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.