Delphi Automotive looking to sell thermal unit for $1 bln - Bloomberg (updated)

HL Holdings

22/10/2014 19:51

(Adds Delphi spokeswoman comment in last paragraph) 
    Oct 22 (Reuters) - Auto parts maker Delphi Automotive Plc 
 DLPH.N  is looking to sell its business that makes heating and 
cooling systems for cars, and will seek as much as $1 billion, 
Bloomberg reported, citing people with knowledge of the matter. 
    Delphi has approached companies including French automotive 
supplier Valeo SA  VLOF.PA  and South Korea's Halla Holdings 
Corp  060980.KS  and is planning to meet with potential buyers 
this week, Bloomberg reported. (http://bloom.bg/1vNB2o6) 
    Delphi, which is working with a financial adviser on the 
sale, could use the sale proceeds to bolster its core areas 
including electronics, safety systems or engines and 
transmission technologies, Bloomberg reported. 
    Delphi spokeswoman Claudia Tapia said the company did not 
comment on speculation or rumors. 
 
 (Reporting by Amrutha Penumudi in Bangalore; Editing by Savio 
D'Souza) 
 ((penumudi.amrutha@thomsonreuters.com; within U.S. +1 646 223 
8780 outside U.S. +91 80 6749 4486; Reuters Messaging: 
penumudi.amrutha.thomsonreuters.com@reuters.net)) 
 
Keywords: DELPHI AUTMTVE DIVESTITURE