LONDON (Financial Times) -- China's Geely will list part of its sports car brand Lotus in the U.S. through a merger with a shell company that was founded by an LVMH-backed investment group in a deal that values the automaker at $5.4 billion.
The merger announced on Tuesday will be between Lotus Technology, which has a plant in China and plans to make electric sport utility vehicles, and L Catterton Asia Acquisition (LCAA), a special purpose acquisition vehicle (SPAC) founded by L Catterton.
