In what would arguably be among its boldest bet so far, Motherson SumiBSE 0.34 % Systems Limited (MSSL) the flagship listed company of the $6.9 billion Samvardhana Motherson Group, is in advance negotiations with billionaire investor Wilbur Ross to buy one of his portfolio companies International Automotive Components (IAC) Group for $750-800 million as the restructuring guru seeks to cash out of the low margins business following aborted attempts of an IPO, said multiple sources aware. Read more at: http://economictimes.indiatimes.com/articleshow/51032763.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesMotherson Sumi eyes Wilbur Ross company IAC for $800 million buyout
Industry: Automotive 2016-02-18
