Magna to sell majority of interior operations for $525 mln

Thu Apr 16, 2015 9:23am EDT
 
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April 16 (Reuters) - Canadian auto parts maker Magna International Inc said it would sell most of its interiors operations to Spain's Grupo Antolin for about $525 million.

The deal includes 36 manufacturing plants and about 12,000 employees in Europe, North America and Asia, the company said.

The operations included in the agreement recorded about $2.4 billion in sales in 2014, Magna said.

The company did not specify if the deal value is in U.S. or Canadian dollars. (Reporting By Darshana Sankararaman in Bengaluru; Editing by Simon Jennings)