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German IFA Rotorion put up for sale - Report

Auto News - Published on Fri, 15 Jun 2018

Image Source: ET
Reuters reported that German car parts maker IFA Rotorion has been put up for sale by its family owners in a potential EUR 500 million deal, two people close to the matter said.

Investment bank Rothschild has been tasked with finding a buyer for the company, which makes propeller shafts and joints for carmakers in Europe, Asia and North America and which is expected to attract interest from peers as well as private equity groups.

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Posted By : Nanda Koijam on Fri, 15 Jun 2018
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