# Hydro-Québec exercises put option to sell 45% stake in Dana TM4 to Dana Incorporated

Hydro-Québec exercised its put option to sell its remaining 45% interest in Dana TM4 to Dana Incorporated. The transaction value is to be determined based on fair market value.

- Type: Acquisition
- Announced: 2024-05-10
- Where: Boucherville, Quebec, Canada
- Status: announced
- Products: electric motors, generators, power electronics, control systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dana Incorporated](https://endata.com/companies/369.md) (acquirer)
- [Hydro-Québec](https://endata.com/companies/3478.md) (partner)
- [Dana TM4](https://endata.com/companies/7006.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/action-plan-2035-hydro-quebec-focuses-on-its-mission-and-exercises-the-put-option-of-its-minority-interest-in-dana-tm4-830609092.html), 2024-05-10: "Hydro-Québec has decided to exercise its put option to sell its remaining 45% interest to Dana Incorporated."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.