Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Kkr's Calsonic Buys Fiat Chrysler Parts Firm Magneti Marelli For $7.1B
Private Equity

Kkr's Calsonic Buys Fiat Chrysler Parts Firm Magneti Marelli For $7.1B

by reuters.com posted 7months ago 30 views
* FCA to enter multi-year supply deal with parts maker (Adds deal multiple, analyst, BREAKINGVIEWS link, updates shares): TOKYO/MILAN (Reuters) - Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier. The first big deal by FCA’s newly-appointed chief executive Mike Manley, who took over in July after the sudden death of long-time boss Sergio Marchionne, creates a company with revenue of 15.2 billion euros ($17.5 billion), the companies said.

In this article