Munich, 23 September 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed a put option for the acquisition of a facility in Bordeaux, which manufactures and assembles full transmissions for the automotive industry, owned by Magna. The closing of the transaction and the change of name are expected in the first quarter of 2023 after consultation of the works councils and subject to approval of the antitrust authorities.
Target – Magna International Inc (Automotive supplying facility in Bordeaux, France)
Buyer – Mutares SE & Co. KGaA
Seller – Magna International Inc