Fiat Chrysler Automobiles said it had completed the sale of its car parts unit M...
FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo
MILAN - Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros , slightly below the initial price tag due to the unit’s changed financial position. Fiat Chrysler last year agreed to sell Magneti Marelli to CK Holdings - the parent of Japan’s Calsonic Kansei and a vehicle of U.S. investment firm KKR - for 6.2 billion euros to form the seventh-largest independent car parts supplier.
FCA said on Thursday that the price had been adjusted based on Magneti Marelli’s estimated financial position as of the closing date. The board of Italian American carmaker FCA also approved distributing a previously announced extraordinary cash dividend of 2 billion euros.Reporting by Giulio Piovaccari; editing by Valentina Za and Susan Fenton
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Volkswagen earnings: Q1 operating profit comes at 3.9 billion euros, vs. 3.9 billion euros expectedIn a report issued at its Global Supertrends Conference, Credit Suisse discussed 'the most significant societal changes' that could result in tangible investment opportunities.
Leer más »
Volkswagen shrugs off 1 billion euro legal hit with higher SUV salesSales of higher-margin sports utility vehicles and cost cuts helped Volkswagen s...
Leer más »
Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales in first quarterSales of sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 b...
Leer más »
Brazil' Petrobras seeks $20 billion from sale of refineriesBrazil's state-controlled oil company, Petrobras, plans to raise roughly $2...
Leer más »
Boeing secures $1.5 billion credit line as precaution, with 737 Max sales on holdBoeing obtains a $1.5 billion line of credit, citing financial uncertainty. The move comes during a worldwide grounding of the company's 737 Max airplane following two deadly crashes.
Leer más »
GSK expects shingles drug sales to exceed $1.3 billion after 'fantastic' quarterGlaxoSmithKline forecast 2019 sales of its fast-growing shingles vaccine Shingri...
Leer más »
In 2019 Boeing's Cash Flow Will Fall $5 Billion Or $9 Billion Below January ForecastIn 2019, Boeing's cash flow will fall $5 billion or $9 billion below its January forecast
Leer más »
In 2019 Boeing's Cash Flow Will Fall $5 Billion Or $9 Billion Below January ForecastThe most important thing to come out of Boeing's April 24 conference call is that it withdrew its forecast for 2019
Leer más »
Chipotle earnings top estimates as digital sales double, boosts same-store sales outlookChipotle reported earnings and revenue that beat expectations after doubling its digital sales during the quarter. CEO Brian Niccol discusses how the chain was able to bring in $1.31 billion last quarter.
Leer más »
BP earnings: Q1 net profit comes in at $2.4 billion, vs. $2.3 billion expectedU.S. President Donald Trump, three of his children, as well as the Trump Organization sued Deutsche Bank and Capital One in an effort to block the banks from responding to congressional subpoenas.
Leer más »