Calsonic Kansei and Magneti Marelli Press Release
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Fiat Chrysler Automobiles (FCAU) to Sell Magneti Marelli to Calsonic Kansei in EUR 6.2 Billion Deal
October 22, 2018 6:19 AM EDT(Updated - October 22, 2018 6:19 AM EDT)
Fiat Chrysler Automobiles N.V. (FCA) (NYSE: FCAU) announces that it has entered into a definitive agreement (the Transaction) to sell its automotive components business Magneti Marelli S.p.A. (Magneti Marelli) to CK Holdings Co., Ltd. (CK Holdings), a holding company of Calsonic Kansei Corporation (Calsonic Kansei), a leading Japanese automotive component supplier. Following the closing of the Transaction, CK Holdings will be renamed as Magneti Marelli CK Holdings*. The combined businesses of Calsonic Kansei and Magneti Marelli will create the worlds 7th largest global independent automotive components supplier based on... More
