The Traderszone Network

Published in TZ Latest News 15 October, 2015 by The TZ Newswire Staff

Exclusive: Canada’s Linamar in talks to buy French auto-parts maker Montupet- sources

LONDON/FRANKFURT (Reuters) – Canadian auto parts manufacturer Linamar Corp (LNR.TO) is in talks to buy French peer Montupet (MNTP.PA) in a deal that values the company at roughly 800 million euros ($914.96 million), two sources familiar with the matter said on Wednesday. Montupet is working with U.S. investment bank Jefferies to negotiate a deal, the sources said, cautioning that no transaction was certain and talks could still fall through. Linamar and Jefferies declined to comment.