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Dana Incorporated completed the acquisition of 80% of the power-transmission and fluid power businesses of Brevini Group, with an option for the remaining 20% by 2020. The 100% value was set at EUR 325 million including about EUR 100 million of net debt, funded with cash on hand.
Dana Incorporated agreed to purchase an initial 80% stake in the power-transmission and fluid power businesses of Italy's Brevini Group, with an option for the remaining 20% by 2020. The 100% value is set at €325 million including about €100 million of net debt; closing is expected in early 2017.
