India's Tata unit in talks to buy Visteon - paper


MUMBAI, May 21 (Reuters) - India's Tata AutoComp Systems Ltd. and France's Valeo are in discussions to buy a stake in the New York-listed auto parts firm Visteon Corp. , Business Standard said on Monday citing unnamed sources. The newspaper said a deal could be valued between $1.5-$2 billion but it was not clear whether the two firms would jointly or independently bid for Visteon, an ailing unit that was spunoff from car maker Ford . Unlisted Tata AutoComp is part of India's ...

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