BUZZ-Chinese EV maker Zeekr gains on privatisation offer from Geely Auto

Reuters

2025/05/07

** U.S.-listed shares of electric vehicle $(EV)$ maker Zeekr ZK.N rise ~11% to $25.00 per share in premarket trading

** Chinese EV maker Geely Automobile 0175.HK plans to take Zeekrprivate for $25.66 per American Depositary Share $(ADS.AU)$ - a premium of 13.6% to stock's previous close

** Offer-per-ADS values Zeekr at $6.52 billion

** Geely Auto already owns 65.7% of total outstanding share capital of Zeekr

** ZK's NYSE-listed stock down 20.4% so far this year, as of last close

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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a premium of 13.6% to stock's previous close</p><p>** Offer-per-ADS values Zeekr at $6.52 billion</p><p>** Geely Auto already owns 65.7% of total outstanding share capital of Zeekr </p><p>** ZK's NYSE-listed stock down 20.4% so far this year, as of last close</p><p>(Reporting by Sameer Manekar in Bengaluru)</p><p>((Sameer.Manekar@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ08YS42.EUR","symbol_name":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250507:nL4N3RF0XB:1","article_id":"2533602481","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533602481","pubTimestamp":1746613616,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Chinese EV maker Zeekr gains on privatisation offer from Geely Auto** U.S.-listed shares of electric vehicle  maker Zeekr ZK.N rise ~11% to $25.00 per share in premarket trading** Chinese EV maker Geely Automobile 0175.HK plans to take Zeekrprivate for $25.66 per American Depositary Share  - 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a premium of 13.6% to stock's previous close** Offer-per-ADS values Zeekr at $6.52 billion** Geely Auto already owns 65.7% of total outstanding share capital of Zeekr ** ZK's NYSE-listed stock down 20.4% so far this year, as of last close(Reporting by Sameer Manekar in Bengaluru)((Sameer.Manekar@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":true,"code":"91000000","status":"200"}}}