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CEO Hakan Samuelsson (left) and his financial director Björn Annwall rang the traditional opening bell on Friday morning. — © AFP
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Volvo Cars did not miss its stock market debut in Stockholm: it rose by almost a quarter that first day, 23 percent to be exact. The originally Swedish car manufacturer was given a stock market value of 17.4 billion euros on its debut. Not bad for a company whose engine sputtered so much ten years ago that the American Ford sold it to the Chinese Geely for a sale price – converted 1.5 billion euros.
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Kristof Simoens
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