Fiat Considers Sale of Robotic Arm Comau for Up to $2.3 Billion
- Carmaker is considering selling unit after Marelli disposal
- Deliberations are at an early stage, no final decisions made
Robotics arms, manufactured by Comau, work on an automobile on the production line at Fiat Chrysler Automobiles NV's assembly plant in Cassino,.
Photographer: Matthew Lloyd/BloombergFiat Chrysler Automobiles NV is considering options for its robotics arm Comau, including a potential sale at a value of 1.5 billion euros to 2 billion euros ($1.7 billion to $2.3 billion), people familiar with the matter said. The shares rose the most since July.
The strategic review of the unit is at an early stage and no final decisions have been made, the people said, asking not to be identified because the deliberations are private. A sale process could start early next year, the people said. The business, which makes automated manufacturing systems and industrial robots, could attract bidders from China, another person said.