India's Motherson Sumi ties up 80 mln euros for German buy

Newswire

NEW DELHI, July 29 (Reuters) - Indian auto parts maker Motherson Sumi Systems has tied up 80 million euros in overseas debt to fund buy of a majority stake in Germany's Peguform Group, a top executive said. The fund will be used to finance the acquisition and other expansion plans, G.N. Gauba, chief financial officer, told Reuters over telephone. ICICI Bank was the lead arranger. Motherson Sumi, the world's largest maker of rear view mirrors, said earlier this month its deal to buy a ...

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