JTEKT moves to divest European operations

Japanese steering systems manufacturer JTEKT has agreed a put option with LEO III.-VV25-A for the sale of its European automotive business The proposed transaction covers all shares in seven consolidated subsidiaries involved in automotive components manufacturing and sales to original equipment manufacturers (OEMs). The businesses involved span multiple regions, including JTEKT Europe in Irigny and Chevigny-Saint-Sauveur and JTEKT Column Systems France in Valentigney. They also comprise JTEKT Czech Re ...