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FCA Completes Sale of Magneti Marelli to Calsonic Kansei
Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU/MTA: FCA) today announced the
completion of the sale of its automotive components business, Magneti Marelli S.p.A., to CK
Holdings Co., Ltd., the holding company of Calsonic Kansei Corporation, a leading Japanese
automotive component supplier. In connection with the closing, FCA received cash
consideration of approximately €5.8 billion1
.
“We thank Magneti Marelli’s employees for their dedication to providing innovative products
while supporting FCA business objectives,” said FCA CEO Mike Manley. “FCA remains
committed to Magneti Marelli, with the new company continuing as a key supplier, and I am
confident that this transaction secures a strong future for their employees and other
stakeholders. This sale also recognizes the full strategic value of Magneti Marelli, improving
our financial position, delivering value to our shareholders and allowing us to enhance our
focus on our core product portfolio.”
FCA also announced that its Board of Directors approved today an extraordinary cash
distribution to the holders of FCA common shares of €1.30 per share, corresponding to a total
distribution of approximately €2 billion from the net proceeds of this transaction.
The extraordinary cash distribution calendar for both NYSE and MTA is: ex-date 20 May 2019;
record date 21 May 2019; payment date 30 May 2019.


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Autor (Datum des Eintrages): biviol1  (03.05.19 15:39:44)
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