Highly Group to buy 60% stake in Marelli's car AC business for USD203 million

Highly Group will pay up to USD203 million to purchase a 60% stake in a special purpose vehicle holding Marelli Holdings' global automotive air conditioning business assets.

“The Chinese firm will buy a 60 percent stake in a special purpose vehicle, set up by the Saitama-headquartered company, which holds all of its related air con parts assets.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina's Highly Rallies on USD203 Million Deal for Japanese Marelli's Car AC BusinessTang ShihuaSep 7, 2020

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