Visteon confirms PE talks over Korea divestment
US auto parts maker Visteon Corp. has confirmed it is in negotiations with private equity firm Hahn & Co. over the potential sale of its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC).
Visteon, which owns 70% of locally-listed HVCC, noted in a regulatory filing that there is no guarantee the talks will result in a transaction. Local media earlier reported that Hahn & Co. had reached...
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