Stake sale will allow Stellantis to focus on core Europe ops
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Comau executive chair, CEO, will retain their jobs
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Comau has plan to expand in industrial automation
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Deal to close by end of year
MILAN, July 25 (Reuters) - Carmaker Stellantis will sell a majority stake in its robotic unit Comau to One Equity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting Comau expansion beyond the automotive sector.
Financial details of the agreement were not disclosed, but private equity firm One Equity will make a "majority investment" in Comau, Smart house and Home automation systems Lahore Stellantis will remain an active minority shareholder.
The deal will give One Equity a 50.1% stake in the company and Stellantis 49.
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