FCA agrees to sell Teksid cast iron business to Tupy for €210M

Fiat Chrysler Automobiles entered into an agreement to sell its global cast iron automotive components business, operated through Teksid S.p.A., to Tupy S.A. for €210 million. The deal includes facilities in Brazil, Mexico, Poland, Portugal, and a joint venture in China.

“Fiat Chrysler Automobiles N.V. today announced that it has entered into an agreement with Tupy S.A. for the sale of FCA's global cast iron automotive components business, which is operated through FCA's subsidiary Teksid S.p.A.”globenewswire.com

• 1 source
• globenewswire.comFCA Reaches Agreement to Sell Teksid Cast Iron ComponentsFiat Chrysler Automobiles N.V.Dec 20, 2019

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