02:33 PM EDT, 07/25/2024 (MT Newswires) -- Stellantis ( STLA ) is selling a majority stake in its Italian industrial automation and advanced robotics unit Comau to private-equity firm One Equity Partners, the firms said Thursday.

The joint statement did not disclose financial terms of the deal.

Stellantis ( STLA ) said it will remain an active minority shareholder in Coma.

The deal is expected to close by the end of the year.

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