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

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

** 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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