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Motherson Sumi Systems closes PKC Group Oyj deal

Motherson Sumi Systems Ltd. on March 21 completed its deal to acquire PKC Group Oyj for a transaction value of €631.5 million.

The company offered €23.55 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Motilal Oswal Investment Advisors Private Ltd. and Nordea Corporate Finance Ltd. were the financial advisers for Motherson Sumi Systems, and White & Case LLP was the legal adviser.

Merrill Lynch International was the financial adviser for PKC Group Oyj, while Attorneys at Law Borenius was the legal adviser.