FCA Automobiles sells Magneti Marelli

Fiat Chrysler Automobiles (FCA) has its onderdelentak Magneti Marelli sold to the Japanese Calsonic Kansei. The sale is an amount of 6.2 billion euros.

The Italian company is going to from now on as Magneti Marelli CK Holdings, writes the news agency Bloomberg on Monday.

A multi-year agreement with FCA for the delivery of components is part of the transaction. This remains, according to those involved in employment at Magneti Marelli guaranteed.

The conversations between the FCA and the American owner of Calsonic Kansei, the investment company Kohlberg Kravis Roberts, started a few months ago. When was Fiat Chrysler Automobiles is still under the reign of the July death of top executive Sergio Marchionne.