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Meritor Inc Announces Agreement To Sell Ownership Stake In Brazilian Joint Venture to Randon SA Implementos e Participacoes


Monday, 29 Apr 2013 06:06pm EDT 

Meritor Inc announced it has signed a purchase and sale agreement to sell its 50% ownership interest in Suspensys Sistemas Automotivos LTDA to its joint venture partner Randon SA Implementos e Participacoes. The purchase price for Meritor's ownership interest is $195 million in cash and other consideration. The agreement is subject to regulatory approvals and other customary conditions. The sale is expected to be consummated by Meritor's fiscal year end. 

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