Geely Auto has released an official announcement detailing the results of the consideration election pertaining to Zeekr's privatization deal. Roughly 70.8% of eligible Zeekr shareholders opted to receive shares as consideration. Consequently, Geely is poised to allocate and issue 777,228,611 shares as consideration. Meanwhile, about 29.2% of shareholders either chose or were presumed to have selected cash consideration. As a result, Geely will disburse approximately US$701 million in cash. This strategic maneuver signifies Geely's entry into the concluding phase of its 'One Geely' strategic reintegration. The merger deal is anticipated to be finalized on or prior to December 29, 2025. Through this merger, Geely aims to attain cost efficiencies, bolster its extensive reach across diverse market segments, amplify its pertinent capabilities, and ultimately, elevate profitability and returns for shareholders.
