HONG KONG -- Geely Automobile Holdings said Tuesday it will spend over $200 million to buy a 34.02% stake in a joint venture in South Korea between France's Groupe Renault and global conglomerate Samsung Group -- and will have the chance to purchase even more.
Business deals
Geely signs deal to buy 34% of Renault's South Korea business
Samsung to remain key shareholder despite name being dropped earlier this year