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Blackstone to merge Sona BLW Precision Forging with Comstar Automotive Technologies · Endata

◂ Announcements

Mar 6, 2019ACQUISITIONIndia

Blackstone to merge Sona BLW Precision Forging with Comstar Automotive Technologies

Private equity firm Blackstone is set to merge Sona BLW Precision Forging with Comstar Automotive Technologies to create a Rs 4,200-crore auto components firm. Blackstone will own 62% of the merged company.

Value

$600.0M (42.0B INR)

Status

Announced

Productsauto components

CompaniesBlackstone Group investor Sona BLW Precision Forging target Comstar Automotive Technologies target

Sectors#Automotive Components

“Private equity firm Blackstone is set to merge Sona BLW Precision Forging with Comstar Automotive Technologies to create a Rs 4,200-crore auto components firm.”cnbctv18.com

1 source
cnbctv18.comBlackstone likely to merge Sona BLW with Comstar, says report - CNBC TV18ReutersMar 6, 2019

Summarized from public sources; check the original articles before acting on it.

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