Fiat Chrysler Automobiles might shed all or most of the shares of Magneti Marelli valued at more than 2.5 billion euros, if successful bids from interested in acquiring it.
F iat Automobiles Chrysler is considering the sale of its subsidiary Magneti Marelli . According to what Reuters reports, the company has received proposals from several investment groups and potential buyers and now would be evaluating the possibility to dispose of a subsidiary, which is a supplier of components and systems several manufacturers.
The event occurs at a time when the automotive sector is full of mergers. ZF recently completed an agreement to acquire TRW and last week Magna announced its intentions to acquire Getrag. And just at a time that parts suppliers are going through a period of high valuation Fiat Chrysler Automobiles might consider it a good time to sell Magneti Marelli .
is valued at 2,500 million euros and Automotive Lighting is your main source of income.
But Reuters said that according to his sources, no final decision has been made yet. Strictly speaking the truth several years there interested in acquiring Magneti Marelli ago, but so far Sergio Marchionne had been reluctant to part with the company .
But with an estimated population of at least 2,500 million FCA could be closer to current rating than ever to make a deal, either for the sale of 100% or at least to part of important part of the shares.
Magneti Marelli is a leading provider of a wide range of components and systems that encompass the most varied sectors and applications in the automotive world, although more than third of their income comes from Automotive Lighting , a subsidiary dedicated to the production of lighting systems for the automotive industry.
Incredibly that third of the income that gives Automotive Lighting stems that branch created in 1999 equally between Magneti Marelli and Bosch . In successive acquisitions of the shares, the Italian company now controls 100% of the company that today is a supplier of the latest technologies in this field, creative inter alia the first set of LED taillights mounted on the Peugeot 307 CC in 2003 and first full LED headlamp system front that released the Audi R8 in 2008.