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Melrose Industries PLC Announces Sale Of Marelli Motori


Thursday, 20 Jun 2013 02:00am EDT 

Melrose Industries PLC signs an agreement for the sale of its wholly owned generators and electric motors business, Marelli Motori, to a company wholly owned by funds managed by the Carlyle Group. The total consideration of EUR212.0 million (GBP181.4 million) is payable in cash on completion. Melrose currently intends to use the proceeds to pay down existing borrowings and for internal group purposes. The disposal is conditional upon, inter alia, certain anti-trust clearances and is expected to complete in August 2013. 

Company Quote

273.1
-2.4 -0.87%
28 Jan 2015