FCA-Peugeot Merger Would Allow Magneti-Faurecia Tie-Up: Exane
2015-08-03 08:18:14.496 GMT
By Elizabeth Fournier
(Bloomberg) -- Merger of Fiat Chrysler and Peugeot is
“most sensible goal” for both companies, also allowing option
of combining Magneti Marelli and Faurecia, says Exane BNP in
note exploring Magneti options.
* Magneti Marelli lighting, powertrain units would enhance
Faurecia’s portfolio: Exane
* Tie-up would have synergies in interiors, emission control
and exteriors
* Combined entity would be 5th-=largest supplier by revenue,
boost Faurecia revenue by ~35%: Exane
* Wouldn’t rule out sale of Magenti Marelli to industrial or
financial buyers; easiest option is full sale to industrial
buyer
* In-house restructuring unlikely
* Exane values Magenti Marelli at EU3b
* NOTE: July 17: Fiat Chrysler Considers Sale of Magneti
Marelli Unit: Reuters NSN NRN8FT6JIJUO<GO>
* July 14 Fiat Chrysler Union Talks Seen Contentious as
Merger Urged NSN NRHVM26K50YA<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Elizabeth Fournier in London at +44-20-3525-4935 or
efournier5@bloomberg.net
To contact the editor responsible for this story:
Aaron Kirchfeld at +44-20-3525-8830 or
akirchfeld@bloomberg.net
2015-08-03 08:18:14.496 GMT
By Elizabeth Fournier
(Bloomberg) -- Merger of Fiat Chrysler and Peugeot is
“most sensible goal” for both companies, also allowing option
of combining Magneti Marelli and Faurecia, says Exane BNP in
note exploring Magneti options.
* Magneti Marelli lighting, powertrain units would enhance
Faurecia’s portfolio: Exane
* Tie-up would have synergies in interiors, emission control
and exteriors
* Combined entity would be 5th-=largest supplier by revenue,
boost Faurecia revenue by ~35%: Exane
* Wouldn’t rule out sale of Magenti Marelli to industrial or
financial buyers; easiest option is full sale to industrial
buyer
* In-house restructuring unlikely
* Exane values Magenti Marelli at EU3b
* NOTE: July 17: Fiat Chrysler Considers Sale of Magneti
Marelli Unit: Reuters NSN NRN8FT6JIJUO<GO>
* July 14 Fiat Chrysler Union Talks Seen Contentious as
Merger Urged NSN NRHVM26K50YA<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Elizabeth Fournier in London at +44-20-3525-4935 or
efournier5@bloomberg.net
To contact the editor responsible for this story:
Aaron Kirchfeld at +44-20-3525-8830 or
akirchfeld@bloomberg.net