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BRIEF-Brembo Buys 100% Of Öhlins For $405 Mln
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BRIEF-Brembo Buys 100% Of Öhlins For $405 Mln
Oct 10, 2024 11:19 PM

Oct 11 (Reuters) - Brembo NV:

* BUYS 100% OF ÖHLINS

* ACQUISITION DEAL SIGNED WITH TENNECO, WHICH IS PART OF

APOLLO

GLOBAL MANAGEMENT

* PURCHASE PRICE IS USD 405 MILLION, ON A CASH FREE / DEBT

FREE

BASIS, SUBJECT TO CUSTOMARY PRICE ADJUSTMENT MECHANISMS

* ACQUISITION SUBJECT TO CUSTOMARY REGULATORY APPROVALS,

EXPECTED

TO CLOSE IN EARLY 2025

* ÖHLINS RACING PRODUCES PREMIUM, HIGH PERFORMANCE

SUSPENSION

TECHNOLOGY FOR MOTORCYCLES, CARS

Further company coverage:

(Reporting by Gdansk Newsroom)

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