Officials from one of the Chinese automakers believed to be interested in buying Volvo Cars from Ford will next week visit the Swedish brand’s European headquarters, a report said Monday.

According to Dagens Industri, which did not cite any sources, officials from either Changan, Dongfeng or Geely will visit Volvo’s headquarters in Gothenburg, Sweden and its plant in Ghent, Belgium.

The newspaper said a Chinese buyer could be willing to pay between 15 and 20 billion Swedish kronor (1.35-1.8 billion euros) for Volvo.

These offers are less than the amount paid by Ford 10 years ago. In 1999, the now struggling US auto giant company spent 6.45 billion dollars (five billion euros at current exchange rates) to buy Volvo Cars.

Ford said last December it was considering a sale of its Swedish brand. At the end of March, the US automaker said it was holding detailed discussions with a number of unnamed interested parties.