Brief: Brembo Buys 100% Of Öhlins For $405 Mln

Brembo NV

11/10/2024 06:56

Oct 11 (Reuters) - Brembo NV  BRBI.MI :
    * 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:  BRBI.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587696600;))