June 13, 2018 / 11:36 AM / 4 months ago

German car parts maker IFA Rotorion put up for sale - sources

FRANKFURT, June 13 (Reuters) - German car parts maker IFA Rotorion has been put up for sale by its family owners in a potential 500 million euro ($588 million)deal, two people close to the matter said.

Investment bank Rothschild has been tasked with finding a buyer for the company, which makes propeller shafts and joints for carmakers in Europe, Asia and North America and which is expected to attract interest from peers as well as private equity groups.

Rothschild declined to comment, while IFA and its family owners were not available for comment.

$1 = 0.8506 euros Reporting by Arno Schuetze Editing by Tom Sims

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