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Volvo Cars raises $500mn in step towards IPO
Imaduddin
20 Dec, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/12/volvo-logo-1024.jpg">STOCKHOLM: Geely's Volvo Cars said on Tuesday it had raised 5 billion Swedish crowns ($531.83 million) in a step towards a listing of the company.</P><P>A group of Swedish institutional investors had bought newly-issued preference shares that would have ){kind=logo}