Purchase Fund Magneti Marelli

The Japanese Calsonic Kansei, controlled by American investments KKR closed deal to buy car parts maker Magneti Marelli, Fiat Chrysler Group (FCA), by 6.2 billion euros ($ $7.1 billion) to form the seventh largest company in the sector in the world. The first major business hit by the newly sworn Chief Executive of FCA, Mike Manley creates a company with revenue of 15.2 billion euros, claimed the companies. " This combination with Calsonic Kansei has emerged as an ideal opportunity to accelerate future growth of Magneti Marelli, "said Manley on Monday (22). The deal also should help the FCA to pay investments in the development of hybrid and electric vehicles, necessary because of emissions rules in the world.